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When two parties, the buyer and the seller, decide to trade their cryptocurrency for the current market price, then it is called spot trading. Spot trading offers immediate execution and delivery, unlike other complex trading choices available in the market like margins and futures.
There are a lot of exchanges that offer this type of trading exclusively, like the Cextor crypto exchange platform. In spot trading, all you have to do is pick the cryptocurrency you want to trade; if you have Bitcoin and wish to trade it for Ethereum or vice versa, you can enter the quantity, place the order, and voila, you have just executed a trade. In spot trading, you will get three trade options, market, limit, and stop limit.
If you understand their difference and make trades on a reliable platform like the Cextor crypto exchange platform, then you don't have to worry about anything.
There are a lot of exchanges that offer this type of trading exclusively, like the Cextor crypto exchange platform. In spot trading, all you have to do is pick the cryptocurrency you want to trade; if you have Bitcoin and wish to trade it for Ethereum or vice versa, you can enter the quantity, place the order, and voila, you have just executed a trade. In spot trading, you will get three trade options, market, limit, and stop limit.
- The market lets you place an order instantly.
- Stop lets you set a specific price for when you wish the order to be executed.
- Stop limit lets you get a better price for your order.
If you understand their difference and make trades on a reliable platform like the Cextor crypto exchange platform, then you don't have to worry about anything.