Digital trading platforms will often have benefits associated with them, such as having lower fees, more control as well as flexibility, the ability to avoid brokerage bias, as well as access to a wide assortment of online tools, as well as the option to monitor your investments in real-time.
Cryptocurrency trading also has spread, which is essentially the difference between buy and sell prices that are quoted for a cryptocurrency. It also has lots, which are batches of cryptocurrency tokens that are used to standardize the size of trades. Since cryptocurrencies are volatile, the lots will typically be small, and most will just end up being a single unit of the cryptocurrency in question.
You also have leverage, which is a means of gaining exposure to a larger amount of cryptocurrency without needing to pay the full value of the trade upfront. You basically put down a smaller deposit, which is known as a margin, and when you close a leveraged position, your profit or loss is based on the full size of the trade itself. This type of trading also has specific cryptocurrency exchanges.
Keep in mind that there are also platforms that have their own set of requirements to use them. Day trading platforms could potentially require that you as a trader have a certain amount of USD as equity in your account as well as be approved for margin trading, while options platforms could require approval to trade various types of options before you are actually able to use the platform at all. To give you a bit of context, equity represents this value which would be returned to shareholders if all of the assets were liquidated and all of the debts were paid off.
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