How to Earn Money with Spot Trading: A Beginner's Guide
How to Earn Money with Spot Trading: A Beginner’s Guide Spot trading is one of the most popular ways to earn money in cryptocurrency markets. It's straightforward and accessible, making it ideal for beginners who want to start trading digital assets. In this guide, we’ll explain what spot trading is, how it works, and strategies to maximize your profits. What is Spot Trading? Spot trading involves buying and selling cryptocurrencies instantly at current market prices. You own the actual cryptocurrency and can hold it, trade it, or withdraw it to a wallet. Example : If Bitcoin (BTC) is priced at $30,000, you can buy 0.1 BTC for $3,000 and sell it later when the price increases. Steps to Start Spot Trading Create an Account on a Crypto Exchange Sign up on platforms like Binance, Coinbase, or Kraken. Complete the KYC (Know Your Customer) verification. Deposit Funds Fund your account with fiat currency (e.g., USD, EUR) or cryptocurrency. Choose a Trading Pair...