Technical Definition
Spot Wallet
The default wallet on a CEX for holding and trading spot-market cryptocurrencies.
By Crypto University Editorial
Futures WalletInternal Transfer
✦ Key Insight
Where most beginners start — simple buy-and-hold without leverage or expiry.
✕ Common Misconceptions
Sending futures funds here by accident; not transferring out for security.
Detailed Explanation
How It Works: All spot trades settle here; separate from futures or margin wallets.
Related Terms: Futures Wallet, Internal Transfer.
FAQs
Can hold fiat? Sometimes (called Funding Wallet on some platforms).
Default wallet? Yes for new users.
In Practice
“Buying SOL on spot — it lands directly in your Spot Wallet.”
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