# Spot

Spot trading is a direct transaction between a buyer and a seller at the current market rate, known as the spot price.

For example, in the BTC/USDT pair, you can buy or sell 1 BTC at the spot price and pay or receive the equivalent amount in USDT.

### **What’s the difference between spot trading and perpetuals trading?**

In spot trading, traders buy and sell the actual tokens of the underlying assets. For example, buying BTC in the spot market means you hold BTC in your account and benefit if its value increases.

In perpetuals trading, traders do not own the underlying asset. Instead, they trade perpetual contracts based on price movements. Perpetuals allow traders to go long when bullish or go short when bearish, without holding the actual token.

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