What is Spot Trading?
Spot Trading refers to directly buying or selling digital assets, such as Bitcoin or Ethereum, at real-time market prices on a crypto platform. After the trade is completed, the asset is immediately credited to the buyer’s account or deducted from the seller’s account. The user’s actual asset balance is updated immediately and can be withdrawn or transferred to another wallet at any time.
Does VOOX support Spot Trading?
Yes. Users can select trading pairs on the Spot Trading page to buy or sell assets.
Which Spot trading pairs does VOOX support?
The supported Spot trading pairs are subject to what is displayed on the VOOX Spot Trading page.
What is a market order?
A market order is an order that executes immediately at the current best available market price. It is suitable for users who want to complete a trade quickly.
Since the execution price may change with market fluctuations, market orders may result in slippage. If the trading amount is large, users are advised to pay attention to order book depth to avoid significant losses caused by price volatility.
What is a limit order?
A limit order is an order where the user sets the execution price. The order will only be executed when the market price reaches the specified price or a better price.
For large trading amounts, using a limit order can effectively reduce slippage risk and avoid unnecessary losses caused by market fluctuations.
Why has my limit order not been filled?
A limit order may remain unfilled because the market price has not reached your order price, or because current market liquidity is insufficient. You may continue waiting, or cancel the order and place a new one.
If you want to sell quickly, it is recommended to refer to the best bid or second-best bid price and set a price close to the second-best bid, which may increase the chance of execution.
Can Spot pending orders be canceled?
Yes. Spot pending orders can be canceled.
- Limit orders: Orders that have not been fully filled can be canceled at any time.
- Market orders: If there are no matching orders in the order book, the system will automatically cancel the order. If market depth is sufficient, the market order will execute immediately and cannot be canceled.
Are fees charged when canceling Spot pending orders?
No trading fee is usually charged for the unfilled portion. Fees are charged only on the actually executed portion based on the executed amount.
Is there slippage in Spot Trading?
Yes, slippage may occur, especially when using market orders, when the market is highly volatile, or when the trading pair has low liquidity. The execution price may differ from the expected price.
Why is my balance shown as unavailable after placing an order?
After placing an order, the corresponding assets are frozen by the order. Once the order is executed, canceled, or expired, the unused frozen assets will be released.
How do I view Spot Trading history?
Users can view historical order records in the Order History section on the Spot Trading page, including filled and canceled orders.
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