Spot trading FAQ

1. What is Spot Trading in Cryptocurrencies?

Spot trading in cryptocurrencies refers to buying and selling a cryptocurrency at the current market price. For example, in the BTC/USDT trading pair, the price of the pair represents the amount of USDT required to buy/sell 1 BTC.

2. What is the Difference Between Spot Trading and Contract Trading?

n spot trading, traders need to own the underlying asset, which differs from contract trading. In spot trading, traders buy cryptocurrencies (e.g., BTC) and wait for it to appreciate, or use them to buy other potentially appreciating tokens. In the cryptocurrency contract trading, investors do not actually own the underlying crypto assets but trade based on price predictions. Traders can go long when they are bullish or short when they are bearish, without buying or selling any actual assets.

3. What Are the Trading Fees?

• Maker Fee: 0.1%
• Taker Fee: 0.1%

For more details, please refer here.

4. What Are Maker and Taker Orders?

• Maker Order: A maker order is placed by a user who sets a price and waits for another user to match and fullfilled the order. The order remains in the order book until it is matched with an existing order in the market.

• Taker Order: A taker order is placed by a user who buys or sells at the current market price, matching with an existing order in the order book.

5. How Do I Transfer Funds to My Spot Account?

• Web: Click on "My Assets" or "Transfer" to access the asset interface and transfer funds. You can deposit funds from a wallet account or a contract account into your spot account.

• App: Click on the "Assets" button at the bottom right of the page, select "Transfer" --> "Transfer to Main Account - Spot," choose the currency, enter the amount, and click "Confirm Transfer."

6. What Are Market Orders, Limit Orders, and Conditional Orders?

• Limit Order: Users can set a price for their order, which will be executed at the set price or better. The trigger price is the user's set price, and the order executes at that price, though it may take longer to complete.

  • Advantages: Allows for precise control over the execution price, useful for partial or full exit at a desired price.
  • Disadvantages: Not guaranteed to execute and may be slower.

• Market Order: Executes at the current market price without the need to set a price. Orders are filled quickly.

  • Advantages: Ensures quick execution and is ideal for capturing market trends.
  • Disadvantages: Execution price may not be ideal in volatile markets.

• Conditional Order: Activated only when a specified trigger price is reached. The order is sent to the market at the trigger price or better once activated.

  • Advantages: Provides a way to achieve desired pricing if market conditions are met.
  • Disadvantages: Order only activates when the trigger price is reached; if it’s not reached, the order may not be executed.

7. Why Can’t I Set a Desired Purchase Quantity for a Market Buy Order?

Market buy orders execute at the best available prices. To ensure accurate execution, traders should set the amount of assets they want to buy, not the quantity they want to wait to buy.

8. Are There Any Limits on Spot Trading?

To prevent market manipulation and protect traders, ALL IN has the following restrictions:

• Market orders will only be matched with the top ten buy/sell prices in the order book. Orders beyond this limit will be rejected.

9. What Is the Maximum Number of Orders I Can Place?

• A trader can place up to 200 limit orders, which will be displayed in the "Limit Order Record" interface.
• Up to 20 conditional orders can be placed, displayed in the positions tab.

10. Are There Limits on Spot Trading Volumes for Each Trade?

Yes, there are limits. For more details, please refer here.

11. How Do I View My Spot Trading Order History?

In the spot trading page, click "All" and select the order type: Market Orders/Limit Orders/Conditional Orders. For more details, please refer here.

12. What Is the Difference Between "Order History" and "Trade History"?

• Trade History: Shows all completed orders and detailed transaction information.
• Order History: Shows all executed orders, including both completed and canceled orders.

3. Are Assets in My Spot Account Shared with My Contract Account?

No. Assets in your spot account cannot be used as cross-margin for open positions in your contract account.

14. Why Did My ETH Limit Order Execute at 2600 When I Set the Limit at 2800?

A limit order sets a price at which to place an order, and the system automatically matches and executes it when the market price reaches your set price. Users set the order quantity and the maximum buy or minimum sell price they’re willing to accept. When the market price meets the user’s expectations, the system will execute the order at the best price within the limit. In this case, the customer’s preset maximum buy price was 2800, and the latest market price was 2600. According to the principle of "buy low, sell high," the system assumes the customer is willing to accept the lower price (2600), so the final buy order was executed at 2600.