What is spot trading?

Spot trading is buying and selling cryptocurrencies using different types of orders.

It is most suitable for those users who have some trading experience, can navigate different types of market orders, and are able to craft an effective trading strategy.

Spot trading is commonly used to make profits by buying crypto at a lower price and later selling it when the price grows. It can also be chosen to purchase crypto at the best price available.

When trading crypto on the spot market with XBO.com, you can choose from two types of orders:

  • Market orders

Buy and sell cryptocurrency at the best price currently available.

  • Limit orders

Set the minimum price you’d like to receive or the maximum price you’re ready to pay.

To start spot trading on XBO.com, follow this link .

Was this article helpful?