Crypto spot trading have existed for a long time, and are generally implemented through crypto spot exchanges. Therefore, it is very important to obtain information about a top crypto spot exchange. Through this guide, you can understand what is crypto spot trading, as well as best crypto exchange CoinW.
The best crypto exchange CoinW
At present, CoinW has more than 7 million users worldwide, ranking eighth among global exchanges. CoinW now owns the MSB financial license in the United States, MAS license in Singapore, SVGFSA license and other financial regulatory licenses in many countries and regions, and operates in compliance to ensure the interests of users. The technical team comes from Alibaba, Oracle, Google and the financial securities industry, and has a leading edge in technology.
Advantages of CoinW
Since July 5, 2022, CoinW officially announced the implementation of zero transaction fees for BTC trading, becoming the world’s first platform for zero handling fees for BTC trading. This move stirred the current situation of the existing exchange industry to a certain extent, and set off a trend of following the trend of exchanges. Moreover, from July 13, 2022, CoinW will fully launch the zero transaction cost spot trading activity! Users will no longer be charged for participating in all spot trading in CoinW! This is a good gospel for crypto players.
What is spot trading in crypto?
Crypto spot transaction refers to the crypto transaction form in which the buyer and seller handle delivery on the same day or the second business day after the transaction on the crypto trading platform. Crypto spot transaction is the most common form of transaction in the international crypto market. Its basic function is to complete the exchange of cryptocurrencies. Its role is to meet the temporary payment needs and realize the international transfer of purchasing power of crypto; Adjust the position proportion of multiple cryptocurrencies through crypto spot trading to maintain the price balance of cryptocurrencies, to avoid the risk of economic fluctuations; Use the cooperation of spot transaction and forward transaction to speculate on crypto and seek speculative profits.
Benefits of spot trading in crypto
1. Compared with crypto trading based on margin, spot trading is less risky. You can purchase assets without worrying about being liquidated by price fluctuations.
2. Spot trading is easy to navigate. When trading in the spot market, you can easily measure your return or risk.
3. Spot trading provide more accurate crypto prices, because trading occur in a transparent process based on demand and supply.
4. Spot trading allows you to use your encrypted assets for other services, such as pledge or online payment.
5. Spot trading enables you to trade various cryptocurrencies instead of other types of trading using fewer currency pairs.
Risk of spot trading in crypto
1. A large part of the global crypto spot market is unregulated.
2. Spot trading does not have the flexibility of contract for differences or futures trading.
3. Compared with contract for difference or margin trading, the potential income of the spot market is small.
Final thoughts
Crypto spot trading requires a strong control over the currency price trend, which requires an in-depth understanding of the crypto market. CoinW is a good crypto spot exchange. From here, you can not only realize spot trading, but also learn more crypto advice and control the price trend.