What is Spot Trading (Coin Trading)?

Spot trading, also known as coin trading, is one of the hottest areas in the cryptocurrency field. It has a very broad development space globally. According to statistics, over 40 countries have started using this platform for the exchange of currency, legal tender, and digital assets. More and more countries are considering adopting blockchain technology such as Bitcoin to achieve cross-border trade.

Because the current cryptocurrency market is still in its early stages, many people believe that this model carries significant risks. Therefore, people prefer exchanges to provide users with more choices and higher returns. However, as the industry continues to mature, many investors have become aware of this. Therefore, to better understand what spot trading is, you need to know: What is spot trading? Spot trading, also known as exchange trade, is the use of leverage to exchange two different virtual assets at a mutually agreed settlement price, and then charge a fee to other parties in a certain proportion. When you open an account, if there is $100 or more in a wallet, the funds will be transferred to a specific wallet, which is the spot contract in your spot account. This is done to ensure consistent profitability between the two parties. If you do not want to bear any responsibility, you can also try various operations such as purchasing BTC/ETH, BTC/USDT, or other digital assets, as well as some other types of tokens as collateral. You can also use these tokens for your investment portfolio management, including investment strategies for potential risks in the future, etc. So what is spot trading? In simple terms, we call it “spot trading”, which is a method of using automated trading robots to automatically complete high-frequency trading, allowing customers from different platforms to participate in various complex financial products and service markets quickly and at low cost.

For beginners, “spot trading” can be understood as an exchange relationship between stocks and futures, and as long as the price difference between buying and selling the two types of products is less than 1 cent, the transaction can be completed immediately. However, in general, for new investors who want to enter the spot market, they must first register a spot trading account. According to official information, the currency name is BNB. Usually, users can purchase BNB through the exchange and then conduct spot trading on Binance. In addition, users who want to participate in spot trading can also purchase price estimates of other currencies through the exchange. For example, if a person has $100,000, he can sell BNB worth $150,000 to $200,000 on the exchange. Of course, only those who can meet the minimum threshold and achieve the highest returns can participate.

However, for most novice players, they are often not familiar with the spot trading process like ordinary retail investors, and their trading process is not always so convenient because they do not need to go through professional brokerage firms or intermediaries.

Coin Trading

According to official information from the coin trading platform, to welcome the new year, the coin trading platform will be officially launched on February 19, 2019.

Coin Trading is based on the OKEXChain ecosystem and a global digital asset wallet technology service provider. Coin Trading is committed to building a secure, fast, and professional cryptocurrency investment platform and service provider. At the same time, Coin Trading platform has launched multi-language functionality to help users efficiently manage their assets and monitor them in real-time. It automatically hedges risks through smart contracts, allowing users’ funds to flow more freely into the market and thereby reducing potential investment losses for ordinary investors; in addition, Coin Trading currently supports multiple currencies such as BTC, ETH, XRP, and LTC.