Spot trading allows users to directly buy or sell cryptocurrencies using the digital assets in their accounts. Upon successful transactions, digital assets are settled in real time, and the account balance is updated in real time.
Please note that spot and margin trading share the same order book. Margin trading uses third-party funds to trade assets. If the net balance from spot sales is insufficient, the system will automatically generate a loan.
- After logging in, go to the "Trade" page.
- Select the desired pair in the currency pair selection column, such as BTC/USDT.
- Select the "Limit" or "Market" order type as needed:
- Limit Order: Enter the desired price and quantity, then confirm and submit the order.
- Market Order: Enter the desired buy or sell quantity, and the system will automatically submit an IOC order at the highest price allowed (for a buy order) or lowest price allowed (for a sell order). IOC orders are executed or canceled immediately. Please note that market orders may not be fully executed.
- After submitting an order, the order information will be displayed in the order list. Once the order is filled, the corresponding assets will be immediately updated to your account balance.
- You can view real-time market information such as the latest price, change, 24-hour trading volume, and market depth on the trading page to assist in decision-making.
What is a currency pair?
A currency pair is a trading unit consisting of a base currency and a quote currency, used to clearly indicate the specific transaction object and pricing method. For example, "BTC/USDT" means that a user is buying and selling BTC with USDT, where BTC is the base currency and USDT is the quote currency. The meaning of a buy and sell currency pair is to buy and sell the base currency.
The following is an explanation of how currency pairs are used:
- Buying a currency pair: Buying the base currency with the quote currency. For example, BTC/USDT means selling USDT and buying BTC.
- Selling a currency pair: Exchanging the base currency for the quote currency. For example, BTC/USDT means selling BTC and buying USDT.
How can I view the depth, volume, and liquidity of a trading pair?
- Market Depth Chart: Displays the number of buy and sell orders at different price levels in real time, helping users intuitively understand current market supply and demand, as well as resistance and support levels.
- Trading Volume Data: Clearly displays the total transaction volume and number of trades for the trading pair over the past 24 hours, helping to assess market activity.
- Market Liquidity: Reflected in the market depth chart and real-time transaction records, it measures price continuity, buy and sell order frequency, and transaction size. Higher liquidity generally results in smaller price fluctuations and lower transaction costs.
How are transaction fees calculated?
When trading spot, the system automatically calculates and charges a transaction fee based on a percentage of the transaction amount. The fee rate is typically displayed as a percentage. Spot trading fees are deducted directly from the asset purchased. You can view the fee details at any time in the order details or account history. If you receive market maker rebates, they are charged when the currency is sold.
For example:
If your transaction fee rate is 0.1%, and you buy 1 BTC with 100,000 USDT, the transaction fee is calculated as: Transaction Fee = 1 BTC × 0.1% = 0.001 BTC, and you receive 9.999 BTC.
If your transaction fee rate is 0.1%, and you sell 1 BTC for 100,000 USDT, the transaction fee is calculated as: Transaction Fee = 100,000 USDT × 0.1% = 100 USDT, and you receive 99,900 USDT.
If your transaction fee rate is -0.1%, and you buy 1 BTC with 100,000 USDT, your rebate will be paid to the counterparty, and the transaction fee is calculated as: Transaction Fee = 100,000 USDT × 0.1% = 100 USDT, and you receive 1 BTC and 100 USDT.