Estimated reading: 4 minutes

1-What is crypto spot trading?

Spot trading of cryptocurrencies involves buyers and sellers exchanging one type of cryptocurrency for another at the current market price.

Taking BTC/USDT as an example, the price of the trading pair represents how many units of USDT need to be paid to buy 1 BTC, or how many units of USDT can be obtained by selling 1 BTC.


2-What are the differences between spot trading and contract trading?

Spot trading and contract trading differ in terms of asset ownership and trading methods. Spot trading involves owning the underlying asset, such as Bitcoin, and holding it until the value increases or exchanging it for other altcoins.

In the crypto derivatives market, investors do not own the actual crypto. Rather, they trade based on speculation of the crypto market price. Traders can choose to go long if they expect the value of the asset to rise, or they can go short if the value of the asset is expected to fall. All transactions are done on contract, so there is no need to purchase or sell any actual assets.


3-What is the spot trading fee? charges Taker and Maker a 0.002 trading fee.


4-What is Maker/Taker?

Traders preset the quantity and order price and place the order into the order book. The order waits in the order book to be matched, thus increasing the market depth. This is known as a maker, which provides liquidity for other traders.

A taker occurs when an order is executed instantly against an existing order in the order book, thus decreasing the market depth.


5-How do I deposit funds to my Spot account?

For traders on the web, you can click “Deposit” or “Transfer” in the Spot order zone to enter the asset page for Deposit or Transfer.


6-What are Market Order, Limit Order, and Conditional Order? provides three different order types — Market Order, Limit Order, and Conditional Order — to meet the various needs of traders.


  • Market Order

Traders can set the order quantity, but not the order price. The order will be filled immediately at the best available price in the order book.

  • Limit Order

Traders can set both the order quantity and order price. When the last traded price reaches the set order limit price, the order will be executed.

  • Conditional Order

Once the last traded price meets the preset trigger price, a conditional market and conditional taker limit order will be filled immediately, while a conditional maker limit order will be submitted to the order book once triggered to be filled pending execution.


7-Why can’t I enter the quantity of cryptocurrency that I wish to purchase when using Market Buy Orders?

Market Buy Orders are filled with the best available price in the order book. It’s more accurate for traders to fill in the number of assets (USDT) they wish to use to purchase the cryptocurrency, instead of the amount of cryptocurrency to purchase.


8-How many orders can a trader place at most?

— A maximum of 500 active orders can be placed, of which the latest 50 orders will be displayed in the order records zone.

— Up to 10 conditional orders can be placed, and all orders will be displayed in the position tab.


9-What is the difference between “Filled” and “Order History”? 

You can view all completed order records under “Filled”. In the “Order History” tab, you can view all executed order records, including filled and canceled orders.


10-Why can’t orders under “Filled” be found under “Order History”?

Order records under the “Filled” tab are sorted by order execution time, while records under “Order History” are sorted by order placement time.


11-Are my assets in the spot account cross-shared with the derivatives account? 

No, they are not. Therefore, your assets under the spot account cannot be used to support your open positions under cross-margin in the derivatives account.


12-Why is my market order partially filled?
1. When a market buy order is executed, if part of the USDT is not enough to buy the minimum unit of coins, the amount will be refunded to the trader. Therefore, the order is partially filled.

  1. When a large order is split into multiple trades, if any part of the order has been split into a quantity less than the minimum order quantity required, part of the order will be canceled.

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