As a newcomer to the cryptocurrency trading game, I'm looking to learn more about the risks and benefits of using Upbit's spot trading for instant trades. Are there any experienced traders out there who could share their experiences using this platform?
I understand that Upbit's spot trading feature allows for near instant trades, which is great if you need to act quickly or capitalize on a sudden price discrepancy. But I'm curious to know what kind of risks are associated with this platform, and what kind of protection I would have if something went wrong.
I'm also wondering if there are any other benefits to using Upbit's spot trading feature, such as lower transaction fees or faster order processing. And if there are any other features or tips that experienced traders might suggest for a beginner like myself.
Any advice would be greatly appreciated.
I understand that Upbit's spot trading feature allows for near instant trades, which is great if you need to act quickly or capitalize on a sudden price discrepancy. But I'm curious to know what kind of risks are associated with this platform, and what kind of protection I would have if something went wrong.
I'm also wondering if there are any other benefits to using Upbit's spot trading feature, such as lower transaction fees or faster order processing. And if there are any other features or tips that experienced traders might suggest for a beginner like myself.
Any advice would be greatly appreciated.