Spot Trading, in very simple words, is a crypto-to-crypto trade that is done on the spot. Instead of forming any future commitment or a future contract, spot trading is done immediately. This type of trading is done with keeping time and price as a priority, and such trades are made on an exchange. A simple example of spot trading is the trade between a BNQ token and USDT.

On the exchange, there is also a Limit. Here the users specify the buying and selling prices. The order will only be executed when the market price matches the set price. If the market price does not match, the limit order will remain pending. In such a case if the set buying price is higher than the market price, the limit order will be executed at the best available price in the market. Similarly, if the set selling price is lower than the market price, the limit order will be executed at the best available price. The exchange also has a section for Market Order. A Market Order is an order that is immediately executed at the best available market price.

There are certain features of Spot Trading. You can find these features in all the Spot Trading exchanges.

1. Markets

2. 24-hour trading statistics of the pair

3. Charts and technical analysis tools

4. Order Book

5. Newest Trades

6. Selling Orders (Asks)

7. Buying Orders (Bids)

8. Spot user tutorials

9. Spot trading

10. Grid trading

11. Access to the previous isolated margin trading page

12. Placing order section

13. Order Section

14. Open Orders

15. Order History

16. Trade History

17. Internet connections

18. Quick preview of different trading pairs

19. Assets Section

20. Conditional orders section

21. Time Condition section

22. Trailing Reversal Order section 

23. Loop Order