Operation Process of Spot Trading
Note: only assets in “Spot Account” can be used to buy or sell for Spot trading.
How to Operate
WEB — Spot
1. Log into CoinW website on PC, move the cursor on “Trade” at the upper bar, and click “Spot”.
2. Search or find the currency you want to operate on the left currency column, and if you want to buy it, just enter the “Price” and “Amount” or “Total” one by one, and click “Buy xxx”; if you want to sell it, just enter the “Price” and “Amount” or “Total” one by one, and click “Sell xxx”.
APP
- Log into CoinW App on the mobile device, click “Spot” on the bottom bar, find or search the currency you need, and click it to trade.
2. If you want to buy it, click “Buy”, enter the “Price” and “Amount” or “Total” one by one, and click “Buy xxx”; if you want to sell it, click “Sell”, enter the “Price” and “Amount” or “Total” one by one, and click “Sell xxx”.
Market Price Trading
App
1. Log into CoinW App on the mobile device, click “Market” on the bottom bar, find Spot and search for the currency you need in the list below, and click it to trade.
2. Click “Limit” and switch it to “Market Price” on the pop-up window.
3. Then the trade will be executed at the latest best price by default. If you want to buy it, click “Buy”, enter the “Total”, and click “Buy xxx”; if you want to sell it, click “Sell”, enter the “Total”, and click “Sell xxx”.
About Spot Trading
Spot trading is the exchange between virtual currencies, more specificly, using one currency as the pricing unit to buy or sell other currencies. The rule of Spot trading is to match a trade in order of price priority and time priority. The trading pair BTC-USDT means the exchange between BTC and USDT.
Limit Order: refers to an order which you can set the price, and when the market price reaches the price set, the order will be executed, and if it is not, the order will be pending to be executed.
Note: only assets in “Spot Account” can be used to buy or sell for Spot trading.