vulnerability
cyber security, internet security, computer security @ Pixabay

Crypto Spot Trading Exchange Comparison! Which is better a place to trade?

What exactly is “Spot trading” all about? This essay will discuss the benefits of spot trading on exchanges in a straightforward and concise manner.

Spot trading is a relatively new sort of trading that has been present for decades. It is distinguished from other types of trading in that it enables traders to instantaneously buy or sell financial assets at a particular current market price for immediate delivery.

The following types of financial assets are eligible for spot trading: cryptocurrencies (such as BTC, DOT, and ETH), derivatives (such as the Nasdaq 100 and natural gas), commodities (such as gold and silver), foreign exchange (such as EURUSD and JPYUSD), and stocks (such as NYSE and others).

In the past, Spot trading required the manual or physical delivery of the purchased financial asset, which could take several days to settle. However, thanks to the ground-breaking technological innovations made available by Bityard, the world’s leading trading platform, it is now possible to engage in automatic instant trading.

Now spot trading can be done instantaneously, electronically, and more conveniently from the comfort of our individual homes by just clicking the Buy or Sell button on Bityard. This makes it possible for more people to participate in the cryptocurrency market.

When conducting spot trading on Bityard with regard to cryptocurrency pairs (for example, BTCUSDT), investors place the order to instantly buy or sell the cryptocurrency pair at its current market price (spot price) utilising another coin (typically USDT on Bityard). Traders have the option of keeping the financial assets they buy for some period of time before selling it.

Because a spot transaction typically involves an instant trade, the term “spot transaction” is used to describe this type of exchange.

What are the advantages of using Bityard as a spot?

Bityard is one of the most well-known spot trading platforms in the world; they are highly regulated and also compliant with international laws. Having spot traded not only on Bityard but also on several other trading platforms, the following are some advantages that Bityard has over all other spot trading platforms:

1) An INTERFACE THAT IS FRIENDLY TO USERS

The user-friendliness of a website is always the first thing people notice, regardless of whether they are using it for trading or for educational purposes (i.e how the site looks).

When compared to other trading platforms, particularly when it comes to Spot trading, Bityard has the most user-friendly interface for trading. The web design and display on Bityard make it possible for both novices and experts to effortlessly move through the site.

When it comes to having a UI that is easy to use, I give Bityard a personal rating of 4.9 out of 5.

2) ASSETS TRADABLE IN THE SPOT MARKET

There are currently more than 33 tradable financial assets accessible for spot trading on Bityard, and many more are still planned to be introduced by the middle of 2021. Bityard provides its customers with incredible possibilities for trading in the here and now.

When I first noticed the number of assets on Bityard that were available for spot trading in 2020, I was astounded because spot trading had just recently been introduced at that time.

3) EXECUTION OF TRADES IN REAL TIME

Spot traders, like myself, will surely understand what it means to place an order, only to find out later that the order price has been significantly changed due to delay from the brokers. One of the qualities of a good spot trading platform is the ability of the platform to fill-in traders’ orders (Buy or Sell) at the best current market price instantly without any delay. This is one of the qualities that makes a good spot trading platform.

Bityard makes use of the most advanced technology that is currently available for spot trading. As a result, the company is able to guarantee that trader orders are quickly filled in at the most advantageous market price.

4) HIGH 24HRS TRADING VOLUME

This indicates that traders are always present in the market, which is very beneficial for business as buyers will see sellers they can buy from and sellers will also see buyers they can sell to. As a result, there is increased liquidity on Bityard’s spot trading due to the fact that Bityard is accessible to more than 150 countries.

5) THE VERY BEST POSITION TO TRADE CHART

Bityard gave traders the best trading experience they’ve ever had by integrating the best trading chart analysis software (Trade view) into their spot-trade platform. Traders can now completely study the market by using the numerous trading indicators that are available on Bityard.

6) LOW TRADING FEE

Bityard is one of the few trading platforms that offers a very low spot trading charge, as low as 0.05 percent, and this is one of the advantages that traders obtain from spot trading on Bityard. Traders also benefit from the cheap trading fee that Bityard offers.

The vast majority of platforms include spot trading fees that can reach as high as 0.3 percent.

7) Rapid and dependable assistance for existing customers

Because to their prompt and helpful customer service, which is available around the clock, inquiring about the most recent developments concerning Bityard spot trading is as easy as a walk in the park.

The customer support services offered by Bityard are available around the clock to assist traders with any questions or concerns they may have regarding the numerous challenges they may have faced while engaging in spot trading.

The customer support at Bityard has a personal rating of 4.8 out of 5 stars from me.

AN EXAMINATION OF THE DIFFERENCES THAT EXIST BETWEEN THE SPOT MARKETS ON BINANCE AND BITYARD

BITYARD BINANCE IS A SPOT TRADING PLATFORM USING BITYARD.
INTERFACE FOR SPOTS ON THE MARKET
Friendliness toward users and simplicity of the interface
It depends on the trading options available (such as Basic and Advanced), and the Advanced mode might make things quite confusing.
24HRS SPOT TRADING VOLUME Extremely high Extremely high fees for spot trading (Industrial average 0.25 percent ) Extremely low, at only 0.05 percent for both the manufacturer and the taker Extremely low, at only 0.1 percent for both the creator and the taker
SPOT TRADING FOR US CITIZEN
Allowed
It is Not Permitted
EXECUTION OF SPOT ORDERS
Instantaneously, with a great degree of transparency
Instantaneously, with a great degree of transparency
FUND SECURITY
To a high degree governed
Regulated
Excellent score
Evaluation: moderate evaluation: severe evaluation:
A few definitions pertaining to spot trading;

Spot traders are investors that buy or sell any type of financial asset during a transaction known as a spot trade.

Spot price is the current market price at which a financial asset can be bought or sold in a spot transaction. This is also known as the “current market price.”

A list that contains all spot trade entries is known as an order book (both buying and selling)

Spot Leverage: The leverage that spot traders are offered by brokers can vary widely depending on the cryptocurrencies or derivatives being traded.

Spot fees are the commissions that are charged by brokers, and each trading platform has its own one-of-a-kind trading fee for spot transactions.

The difference between the purchase price and the selling price of a financial asset on the spot is referred to as the spot difference.

A maker is a term used to refer to an investor whose order is present on the order book.

The term “taker” refers to an investor who matches the order placed by “makers” with their own.

The conclusion is that Bityard provides the greatest leveraged spot trading experience in the world. Investors have the ability to buy or sell financial assets quickly at the current market price with ease by utilising another coin (USDT) on Bityards’ spot trade.

There are a number of clear benefits to utilising Bityard, some of which include a user-friendly interface, instant trade execution, low transaction costs, and many others.

Bityard has proved itself to be a global trading platform that is not limited by borders, in contrast to other platforms that are banned in certain nations like the United States of America (Binance).

Previous articleOn Demand Graphic Design
Next articleIs Guaranteed Removals Legit
Evangeline Christina is a Cyber Security Enthusiast, Security Blogger, Technical Editor, Certified Ethical Hacker, Author at Cyberspecial.net. Previously, he worked as a security news reporter in a reputed news agency.