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Spot trading refers to buying and selling one digital asset for another on a cryptocurrency trading platform, typically through a trading pair. Once a trade is completed, users directly own the purchased assets.
In a trading pair, the base asset is the asset being traded, while the quote asset is used to price and settle the trade. For example, in the BTC/USDT trading pair, BTC is the base asset and USDT is the quote asset.
On Hotcoin, in the BTC/USDT trading pair, users can buy BTC with USDT or sell BTC for USDT. Such transactions are considered spot trading.
Most digital asset transactions are conducted through spot trading. Its key features include:
A wide range of tradable assets
Good liquidity and market depth
24/7 trading with no interruptions
T+0 trading, allowing users to buy and sell at any time
Risk Warning:
Digital asset prices are highly volatile. Execution prices may vary due to market fluctuations. Please trade cautiously and manage your risks.
Note: Supported trading pairs may vary across platforms. Please check the available trading pairs, quote assets, and relevant rules before trading.
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How to Trade Spot on Hotcoin (Web)