1. What is cryptocurrency spot trading?
Spot trading refers to buying and selling cryptocurrencies at the current market price. For example, in the BTC/USDT trading pair, the price represents how much USDT is required to buy or sell 1 BTC.
2. What is the difference between spot and contract trading?
Spot trading: Traders must own the asset, such as BTC, and can hold it for the long term or exchange it for other cryptocurrencies.
Contract trading: Traders do not own the asset but trade based on price predictions, with options to go long (buy) or short (sell) without actually holding the cryptocurrency.
3. What are the trading fees?
Maker Fee: 0.1%
Taker Fee: 0.1%
4. What are maker and taker orders?
Maker (Limit Order): Orders placed at a specified price, waiting for market matching.
Taker (Market Order): Orders executed immediately at available market prices.
5. How can I transfer funds to my spot account?
Web version: Go to “My Assets” or “Transfer” and move funds from a wallet or contract account.
App version: Click “Assets,” select “Transfer,” choose the currency, enter the amount, and confirm.
6. What are the order types?
Limit Order: Executes at a specified price or better.
Market Order: Executes immediately at the best available price.
Conditional Order: Executes when a set trigger price is reached.
7. Why can't I set a quantity for market buy orders?
Market buy orders execute based on available liquidity, so users must set the total amount to spend instead of a fixed quantity.
8. Are there trading restrictions?
Market orders can only match the top 10 price levels in the order book.
9. How many orders can I place?
Limit Orders: Maximum 200 active orders.
Conditional Orders: Maximum 20 active orders.
10. Is there a limit on trading volume?
Yes, each trade has minimum and maximum volume limits. Refer to the trading page for details.
11. How can I check my order history?
Go to the trading page, click “All,” and select the order type.
12. What is the difference between "Order History" and "Trade History"?
Trade History: Shows all completed trades.
Order History: Shows all executed orders, including canceled and completed ones.
13. Can spot account funds be used as collateral for contract trading?
No, spot account balances cannot be used as contract trading margin.
14. Why did my ETH limit order execute at 2600 USDT instead of 2800 USDT?
Limit orders execute at the best available price within the specified range.
If you set a buy price of 2800 USDT, but the market price is 2600 USDT, the system executes at 2600 USDT to secure the best price.