Definition of Spot Trading
Spot trading refers to crypto-to-crypto transactions, where one cryptocurrency is used to buy another.
The trading rule is to match orders based on price priority and time priority, completing exchanges between crypto assets.
For example, BTC/USDT refers to the exchange between USDT and BTC.
Limit Order:
Users set both the buying and selling prices. A limit order will only be filled when the market price reaches the set price.
If the market price does not match the set price, the limit order will remain pending.
Note:
When the set buying price is higher than the market price, the order will be executed at the best available market price.
When the set selling price is lower than the market price, the order will also be executed at the best available market price.
Market Order:
A market order is executed immediately at the best available market price.
The Trading Page
Disclaimer
This is not investment advice. The information is provided for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any asset.
Cryptocurrency trading involves a risk of loss. Gate US services may be restricted in certain jurisdictions.
