Spot Trading Beginner's Guide

Este conteúdo ainda reflete a versão em inglês. A revisão em português (Brasil) pode ser concluída no Guide.

1. What is Spot Trading? 

Spot trading is the most basic and common form of cryptocurrency trading, characterized by the following:

·         Real-time Execution, Immediate Settlement: The cryptocurrency you buy will be credited to your account immediately after the transaction is completed.

·         Coin-to-Coin Trading: Use one cryptocurrency asset (e.g., USDT) to purchase another cryptocurrency asset (e.g., BTC).

·         Transparent Pricing: The transaction price is based on market matching and fluctuates in real time. 📌 Example: You use 100 USDT to buy BTC, and the transaction is executed at the current market price. After the purchase, BTC will be directly credited to your account.

2. Spot Trading Process

Step 1: Register an Account

·         Visit the Spikex official website.

·         Register an account using your email/phone number, set a password, and log in to the platform.

Step 2: Complete KYC Verification

·         Go to [Account Center] - [Identity Verification].

·         Submit your ID and facial recognition information.

·         Once approved, you will enjoy higher withdrawal limits and better account security.

Step 3: Deposit Funds

·         Go to [Assets] - [Deposit].

·         Choose the deposit currency (e.g., USDT) and copy the address generated by the platform.

·         Transfer from your wallet or another platform to this address.

·         Wait for on-chain confirmation, usually completed within a few minutes. 

📌 Tip: Please ensure you select the correct network (e.g., TRC20, ERC20) to avoid asset loss.

Step 4: Conduct Spot Trading

·         Go to [Trade] - [Spot Trading] page.

·         Select a trading pair (e.g., BTC/USDT).

·         Choose the order type:

·         Limit Order: Set your price and wait for the transaction to be completed.

·         Market Order: The system will execute the trade immediately at the current market price.

Enter the quantity to buy/sell, and click [Place Order]. You can check the order status in [Open Orders] and [Transaction History].