Spot trading means you're buying or selling an asset immediately. This is opposed to trading futures (a.k.a. options), which is the right to buy/sell an asset at set price at some future date.
If you go onto an exchange (such as Coinbase) and purchase Bitcoin, then you're spot buying bitcoin. Same if you go to a bitcoin ATM and purchase them.
Spot trading is the main way investors trade cryptocurrencies and stocks.
It's hard to choose an exchange in Canada. There's not clear winner, and in fact the best solution is to use a few exchanges.
Hardware wallets are the only way to truly protect your crypto long-term. The best hardware wallet is the Ledger Nano X. Learn everything you need to know to get started using it.
Millions of people have lost money through exchanges being hacked. Learn how to keep your crypto safe.
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