What does it mean to buy/sell spots when it comes to crypto trading?

[Fidelia]

For those that have been in the crypto market for a while, they must have heard about people having to trade spots on the crypto market. What does it imply when someone is buying spots. What is the process of buying spots? What does all of spots trading mean in simple terms?

 

[Augusta]

I think In cryptocurrency, spot trading refers to the immediate purchase and sale of digital assets at their current market price. Spot trades are done “on the spot,” meaning selling at the current price in the market

 

[Suba]

Buy/sell spots when it comes to crypto trading means that it is a simple crypto trading that is done directly on the exchange at the current price, fast transactions and crypto will immediately move to the buyer's balance without any margin or other mechanisms.