Spot trading is the buying and selling of assets such as cryptocurrencies at the current market rate (spot price). Asset delivery usually takes place immediately after the order is completed. Spot traders can also prepare trades that are triggered when a specific spot price is reached. You can conduct spot transactions on the BiKing App.
1. Log in to the BiKing App, click [Trade] to enter the spot trading page.
2. On the trading interface:
(1) Trading pair switching
(2) Real-time market candle chart
(3) Sell and buy order books
(4) Switch order type
(5) Buy and sell order
(6) Order list
(7) Order history
3. Let’s take limit order trading to buy ETH as an example. Select [Limit Price] and enter the market price at which you wish to buy ETH, which will trigger a limit order. We set the price at 1700 ETH.
4. In the [Amount] column, enter the quantity you want to buy, or select USDT below to choose how much you want to use for your order
5. When the market price of ETH reaches 1700, the limit order will be triggered and executed. 0.001ETH will be sent to your spot account. You can follow the same steps to sell ETH or any other cryptocurrency of your choice by selecting [Sell].
Hint:
The price in the order area defaults to the latest transaction price of the limit price. If you want to make a quick transaction, you can choose [Market Order].
If the current market price of ETH is 1800, and you want to limit the purchase at 1700, you can choose [Limit Order].
The percentage below the amount refers to what percentage of your total assets you will be buying.
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