Spot Trading Beginner’s Guide

 

Spot Trading Product Introduction

 

Spot trading refers to the buying and selling of crypto at the current market price (spot price). Once an order is filled, the corresponding assets are usually delivered immediately. Users may also place orders in advance so that trades are automatically executed when the price reaches a specified spot price.

 

How to Trade Spot on the CoinW App

 

Step 1

Log in to the CoinW App and go to [Trade] – [Spot] to enter the spot trading interface.

Step 2

Take buying BTC with a limit order as an example. Select the [Limit] order option and enter the price at which you wish to buy BTC in the [Price] field.

Step 3

Enter the amount of BTC you wish to purchase in the [Amount] field.

 Alternatively, you may select a percentage below to indicate how much of your available USDT balance will be used to place the order.

Step 4

Tap [Buy BTC] to place the order.

 To sell BTC or other selected tokens, choose [Sell] and follow the same steps.

Please note: By default, the source of funds may include your Spot, Assets, and Earn accounts. You may also click the “Available” link to select the specific account to be used as the funding source.

Step 5

You can view your placed limit orders under [Open Orders].

 

Important Notes

 

• Order types can be switched between [Limit] and [Market] at any time.

• Market orders will be executed immediately at the best available market price, without the need to wait for a specified price.

 

Risk Disclaimer

 

1. This guide is intended solely to introduce the functions and operating procedures of spot trading products and does not constitute any investment advice, profit guarantee, or trading recommendation.

2. Digital asset prices are highly volatile, and trading involves significant risk, which may result in partial or total loss of assets. Please ensure that you fully understand the relevant rules and risks and participate in trading prudently based on your own risk tolerance.