๐ฐ What is SPOT and LEVERAGE?
๐ช SPOT is when you buy crypto with your own money. No debts, no risks. You buy โ you hold, you sell โ you make a profit.
๐ Leverage is when the exchange "lends" you money. For example, with 10x leverage, having only $10, you can trade with $100.
๐ก Profit increases by 10 times โ but you can also lose everything just as quickly. If the market goes the wrong way โ your funds are liquidated.
โ ๏ธ Beginners are better off starting with spot trading. Itโs safer.