In 2020, the Bitcoin spot trading market was extremely active, attracting the attention of many investors. Bitcoin spot trading, as a form of digital currency trading, has unique characteristics and risks. In this article, we’ll take a deep dive into what Bitcoin spot trading is, analyze aggregated data from Bitcoin spot exchanges in 2020, and present you with a detailed guide.

Bitcoin spot trading refers to the trading method in which investors directly buy or sell Bitcoin through the trading platform. Compared with futures trading, spot trading is more direct and simple, and investors can earn profits by actually holding Bitcoin. In 2020, the Bitcoin spot trading market showed a booming trend, with transaction volume growing steadily and exchange competition becoming increasingly fierce.

In 2020, major Bitcoin spot exchanges around the world have released their own annual data reports. According to statistics, the trading volume of well-known exchanges such as Binance, Coinbase, and Bitfinex has increased significantly. Among them, Binance, as one of the world's largest Bitcoin exchanges, has achieved new breakthroughs in terms of transaction volume and user number, becoming the market leader.

In addition to trading volume, Bitcoin spot exchanges have generally increased security protection in 2020. As the digital currency market continues to develop, exchanges are facing more and more security threats, so it is particularly important to strengthen security measures. Major exchanges have introduced multiple identity verification, cold wallet storage and other technical means to improve the security of user assets and the stability of the trading platform.

In 2020, Bitcoin spot exchanges also actively expanded their business scope and launched more innovative products and services. For example, some exchanges have launched derivatives transactions such as leverage trading and options trading to meet the needs of different investors. At the same time, the exchange has also strengthened compliance supervision, cooperated with regulatory agencies, standardized trading behavior, and protected the rights and interests of investors.

In the aggregate data of Bitcoin spot exchanges in 2020, we can also see fierce competition between exchanges. In order to attract more users and funds, exchanges have launched preferential activities, reduced handling fees and other measures. When choosing an exchange, users should not only pay attention to the reputation and security of the exchange, but also consider factors such as the exchange's trading varieties and handling fee levels.

Overall, 2020 has been a booming year for the Bitcoin spot trading market. As the digital currency market continues to grow, Bitcoin spot exchanges will continue to play an important role in providing investors with more choices and opportunities. However, investment is risky. When investors participate in Bitcoin spot transactions, they must be cautious, invest rationally, and avoid risks in order to obtain stable investment returns. May you overcome obstacles in the digital currency market and gain huge profits!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The most common way to buy and sell Bitcoin is to use cash to buy it. In the currency circle, this transaction method is called Bitcoin spot trading. Bitcoin spot trading can carry out physical commodity settlement in a short period of time, which is convenient, simple and easy to operate. It is very popular among investors in the currency circle. In recent years, with the continuous increase of Bitcoin spot trading volume, many Bitcoin spot exchanges have been born. So, what are the Bitcoin spot exchanges? Next, the editor of the currency circle will summarize the recently popular Bitcoin spot exchanges for investors to check.

 2020 Bitcoin Spot Exchange Summary

1.

net()
(Note: Domestic users currently only support email registration!) Founded in 2017, the asset strength is 8.664 billion yuan, the 24-hour turnover is 23.561 billion, a total of 583 trading pairs, and the number of currencies is 190.

Now as a large leading platform in the currency circle, it is well known to everyone. That year, 94 took over and occupied the leading platform in a short period of time. It has relatively strong operational and technical capabilities. And now it continues to evolve on the basis of spot trading, and has added the development of derivatives trading such as contracts and options, and the ecology is also becoming increasingly perfect.

2.Global station

Huobi Global was established in 2013, with assets of RMB 27.024 billion, 24-hour trading volume of RMB 47.847 billion, a total of 597 trading pairs, and 226 currencies.

As a large domestic trading platform, Huobi has a high standard in terms of technology and trading depth. It has been running stably so far, and has not had any major security problems. It is relatively trustworthy in terms of asset security. At the same time, with the help of the huge domestic user market, the platform has developed very rapidly in recent years, and its future sustainable development is expected to be good.

3.HitBTC

HitBTC was established in 2013, with asset strength of RMB 113.951 billion, 24-hour transaction volume of RMB 722 million, a total of 546 trading pairs, and 328 currencies.

HitBTC International Station is known for its advanced matching engine, multi-currency support and friendly customer service. The exchange was established in 2013 and is an international Bitcoin site in the UK. It is considered an old trading platform. After many years of accumulation, there are still quite a lot of users, and the activity level is also good.

The innovative and technical features of HitBTC create a stable and reliable API that meets the high-frequency trading needs of algorithmic traders. In addition to trading pairs between digital currencies, HitBTC also provides trading pairs between fiat currencies and digital currencies, namely the US dollar and euro markets. The strength of the platform is good. There are currently 314 projects traded on the trading platform. The 24-hour performance is: 463 million. It ranks only 23rd in the global comprehensive strength ranking.

4.OKX

OKX () was established in 2014, with an asset strength of 250 million yuan, a 24-hour transaction volume of 25.543 billion, a total of 477 trading pairs, and a total of 147 currencies.

OKX is currently the well-deserved NO.1 in the field of domestic contracts. Whether it is the number of supported currencies or the depth of trading, it is difficult for other platforms to match it in the short term. It is also very ecologically complete, and has all kinds of futures perpetual leverage. Not long ago, OKX even European options trading has been launched. Although it is not the first options platform in the currency circle, it is very good in terms of depth and operation. It can be said to be the best options platform in China.

5. Open Sesame

Gate.io was founded in 2013, with assets of RMB 8.333 billion, 24-hour transaction volume of RMB 27.361 billion, a total of 3,049 trading pairs, and 1,649 currencies.

Gate.io is a global blockchain asset international website that has provided nearly 500 high-quality blockchain asset trading and investment services to millions of users from more than 224 countries around the world. , a relatively reliable trading platform in terms of liquidity and security. Founded in 2013, it is the top 10 digital asset trading platform in the world in terms of transaction volume.

 What types of transactions are spot transactions?

Which type of transaction is required to use the corresponding trading account, and fund transfer is operated on the "Fund Management-Account Balance" interface.

1. After obtaining digital assets through peer-to-peer transactions, the corresponding digital assets are immediately deposited into the "fiat currency account", and peer-to-peer transactions in fiat currency can be conducted;

2. If you conduct cryptocurrency transactions, you need to transfer the digital currency you hold from the "fiat currency account" to the "currency account";

3) If you conduct contract trading or index trading, you need to transfer the digital currency from the "currency account" to the "contract account" or "index account".

Through the above introduction, I believe everyone has an understanding of Bitcoin spot exchange. The six Bitcoin spot exchanges summarized by the editor of this currency circle are currently among the top six Bitcoin spot exchanges in terms of number of trading pairs. The editor of Bitcoin Circle reminds investors that when choosing a Bitcoin spot exchange, they must pay attention to its formality. Only a formal Bitcoin spot exchange can reduce the risk of exchanges running away and crashing.