Getting Started2026.09.26
Spot, Futures, and Leverage: The Real Differences
Two ways to be bullish on bitcoin, with completely different risk structures.
- Spot means you own the asset; your worst case is your capital, with no liquidation.
- Futures are leveraged derivatives, where an adverse move can force liquidation.
- The higher the leverage, the smaller the drawdown you can survive.
- Build experience in spot first, then consider low leverage if at all.
