There are more and more spot trading platforms, and we often worry about choosing a licensed spot trading platform. It is good that you found this guide because by reading this guide, you will learn more about spot trading. Of course, the most important thing is that you will know about a spot trading platform with no transaction fees: CoinW crypto exchange.
Why is CoinW the most popular authorized spot trading platform?
Since July 5th, CoinW has officially announced the implementation of zero transaction fees for BTC transactions, becoming the first platform in the world with no fee for BTC transactions.
This move has to some extent shaken the current state of the existing stock market industry and triggered a wave of trend-following stock markets. Starting July 13, 2022, CoinW has started with all-zero transaction fees for spot trading activities! Users are no longer charged transaction fees when doing all spot transactions on CoinW!
What is spot cryptocurrency trading?
Buy and sell cryptocurrencies such as Bitcoin and Ethereum on the spot market with instant delivery.
In other words, cryptocurrencies are transferred directly between market participants. In the spot market, you directly own the cryptocurrency and are entitled to financial gains such as: B. voting for large forks or participating in compromises. Cryptocurrency trading on the CoinW cryptocurrency exchange is spot trading.
Characteristics of spot trading
1. It existed for a long time.
Spot trading is one of the oldest trading methods and also in practice an innovative and flexible trading method. The oldest barter trade is a kind of spot trade. With the development of the social economy, the breadth and concentration of commodity trading is increasing, and the specific practices of spot trading are also increasing.
2. Covers the widest spectrum.
As spot trading is not limited by trading items, trading time, trading space and other aspects, it is also the most widely used trading method. Any product can be completed through spot trading, and people can get the products they need through spot trading anytime and anywhere.
3. The transaction is displayed.
Since there are no other special restrictions on spot transactions, and transactions are more flexible and convenient, the randomness of transactions is large.
4. The shortest delivery time.
This is the basic difference between spot trading and futures trading. Spot trading is typically a real-time transaction where payment is cleared or goods are delivered in a relatively short amount of time.
5. The transaction price signal is short.
Since spot trading is a type of goods delivery transaction that is completed immediately or in a very short time, the transaction price between buyer and seller can only reflect the current market situation and cannot reflect future market changes, so the spot price. They have no leading role in controlling production and operations. If producers or operators organize future production and trading activities at spot prices, they are exposed to a high risk of price fluctuations. This characteristic of spot trading is its disadvantage.
Conclusion
Through the above introduction, we have found that the choice of spot trading platform is crucial. Choosing an authorized spot trading platform can not only ensure the security of our transactions, but also allow us to see the cryptocurrency market trend in time to make the best decision. CoinW can meet your needs as much as possible. Because of this, many traders refer to CoinW as the most authoritative spot trading platform.