@ajdominic
๐๐๐ฒ๐ฟ๐ ๐ฐ๐ฟ๐๐ฝ๐๐ผ ๐๐๐ฒ๐ฟ ๐ถ๐ ๐ฎ ๐๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ ๐๐
One thing I have learned in the space is that people in crypto operate as traders, even when they donโt call themselves that.
The difference is usually how they trade, which is exactly what separates spot traders and perps traders.
If you have ever bought or swapped a token, you traded spot.
If you have ever LONG or SHORT a token with leverage, you traded perps.
Spot trading is the simplest and most common form of trading in crypto.
โจ You buy the actual token
โจ You own it in your wallet
โจ You profit if the price goes up
โจ You lose if the price goes down
Perpetuals trading on the other hand is about trading price movement.
In perps;
โธ You do not own the asset
โธ You can either go LONG or SHORT
โธ You can use leverage
As a crypto trader, you deserve better.
Trade perps using @avantisfinance
Enjoy 500x leverage and gasless fees