A spot market is a market where you can buy or sell cryptocurrency and immediately receive profit after the transaction is completed - without any tricks, for example, as in the futures market. The word "spot" itself indicates that the settlement for the transaction is carried out immediately.

After registering on a cryptocurrency exchange, the user usually finds themselves on the spot market by default. To access other markets, it's often necessary to go through verification, they usually have separate deposits, and sometimes it's even required to create a separate account. This is done for a reason, as the spot market is the easiest to master.

Transactions on it are conducted directly between sellers and buyers: you can place an order or accept an existing one. When you purchase cryptocurrency on the spot market, you receive ownership of it, and it appears in your account on the exchange, after which you can either store it there until sale or withdraw it to another account - for example, to a cold wallet.

The spot market is considered the main market, and among the advantages of spot trading in cryptocurrency, we can highlight:

• accessibility - the principles of trading in this market are relatively simple and understandable;
• liquidity - contracts for the transaction are executed immediately, so there are usually no problems finding a buyer or seller if the cryptocurrency itself is popular enough;
• volatility - because the exchange rate of digital currencies changes quickly, traders who traded with leverage in other markets can do without it in the cryptocurrency market.