How To Guide For Spot Trading
LONG BTC
Updated at: 6 months ago
Spot Trading on BitNasdaq is a simple trade made available for all users. Users have the option to select from many different trading pairs on BitNasdaq, as well as choose different trading types. The BitNasdaq trading interface is a very intuitive and easy-to-understand candlestick chart with many different trading tools made available for users.
Here is a simple step-by-step guide on completing Spot Trading on the BitNasdaq exchange.
The Spot Trading Interface
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First log on to your BitNasdaq account.
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Then click on Trade and then Spot.
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Here you have the Order Book Section. The upper section shows the sell orders, and the lower section shows the buy orders.
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Here you also have the market list of all the supported trading pairs. You can select your desired crypto here.
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Here is also the real-time market candle stick chart with indicators of the trading pairs. This section will show all the trends for your selected crypto trading pair.
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Users can switch from the default interface view to the standard view as well.
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And lastly, users can see their open orders and their order history as well.
The Spot Trading
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Limit Order First, we have the Limit Orders. This is where you can trade your desired crypto for a specific price. Enter the price at which you want your order to be executed. Then enter the amount of coins you are looking to buy. Then simply click on the buy button and your order will be placed in the Open Order section until executed.
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Market Order: Now for Market Orders, this is where you can trade crypto for the real-time market price value. Enter the amount of USDT you are looking to spend, and you will purchase your desired crypto for the real-time market price.
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Trigger Order: Lastly, we have the Trigger Orders. This feature enables you the advanced option of trading between two price points. Enter the price at which, when the market hits, you want your order to be added to the order book. Then enter the price at which you want your order in the order book to be executed and enter the amount of crypto you are looking to buy. This feature enables you to have better control over your trade.
Users can use the same procedure for selling their desired crypto as well. Users also have the option to cancel their orders if they do not wish to proceed further with their desired trade.
And now you have completed Spot Trading.