What is a spot market for crypto trading?

Introduction

With an increasing number of institutions beginning to invest in cryptocurrency, it’s inevitable that more users have started to take an interest in it. To begin a journey in cryptocurrency investing/trading, one would typically wish to start with the basics, understanding how to buy and sell cryptocurrencies before moving on to trading.

Spot trading is the most basic and simplest method for trading cryptocurrency. New traders usually start their cryptocurrency trading journey by interacting with spot markets. Compared to investing in crypto, which typically means holding a cryptocurrency for a prolonged period of time, spot trading involves buying and selling a range of cryptocurrencies in an attempt to generate regular short-term profits.