What is Spot Trading
Spot trading refers to the direct buying or selling of one asset using another, without the use of leverage, margin, or funding rates.
For example, in a BTC/USDC trading pair:
Buy: Use
USDCto buyBTCSell: Sell
BTCto receiveUSDC
After selecting a trading pair, you can view the price, order book, open orders, and holdings, and complete a buy or sell directly.
Preparation Before Trading
Before you start trading, please confirm the following:
You have navigated to the trading page and switched to "Spot"
For first-time use, complete the "Enable Trading" process
Your account has sufficient available assets
To buy, you need a balance of the quote currency, e.g.,
USDCTo sell, you need to hold the corresponding asset, e.g.,
BTC
If this is your first time, after clicking the trade button, the system will guide you through confirming terms and enabling trading. Once enabled, future orders will be processed more smoothly.
How to Complete a Spot Trade
Step 1: Select a Trading Pair
On the Spot page, first select the trading pair you want to trade, such as BTC/USDC.
Step 2: Select Buy or Sell Direction
In the trading panel, choose:
Buy
Sell
If you select:
Buy: Buying the target asset using the quote currency
Sell: Selling your current holdings to receive the quote currency
Step 3: Select Order Type
Spot trading supports the following order types:
Market Order: Executes at the current market price as quickly as possible, suitable for scenarios where you want to execute trades immediately
Limit Order: You input the order price yourself; it only executes when the market price reaches your set price
If you want an immediate execution, you can choose a Market Order; if you have specific requirements regarding the execution price, you can choose a Limit Order.
Step 4: Input Price and Quantity
Fill in the trading details based on the order type:
Market Order: Enter the amount of money or quantity you want to buy or sell
Limit Order: Enter the price first, then the quantity
You can use the information on the page to guide your decision:
Available: The balance currently available for trading
Max Buy: The maximum quantity that can be purchased with the current balance and price
Max Sell: The quantity currently available for sale
If your balance is insufficient, the system will prompt you to adjust the quantity or either make a deposit or transfer funds first.
Step 5: Confirm and Submit Order
After filling in the information, click the main button below to submit the order, for example:
Buy BTC
Sell BTC
Before submitting, we recommend double-checking:
Is the trading direction correct?
Is the order type correct?
Do the price and quantity meet your expectations?
Where to Check Results After Ordering
Once an order is submitted, the system will process it based on the order type:
Market orders are usually executed as soon as possible
Limit orders will enter the order list, waiting for the market price to trigger execution
You can check your trading results at the bottom of the page:
Open Orders
This section displays orders that have not been fully executed or are still pending. You can view the order price, quantity, and status, and cancel the order if necessary.
Holdings
After a trade is executed, your assets will be displayed in "Holdings." You can view your current balance, asset value, and profit/loss performance.
Order History
All executed spot trades are recorded in "Order History" for your review of trade details.
Important Notes
Spot trading does not use leverage
Buying and selling use real available assets in your account
Unfilled limit orders will lock the corresponding balance
During periods of high market volatility, the actual execution price may differ from the price seen when placing the order
Before submitting an order, it is recommended to re-confirm the trading pair, price, and quantity to avoid errors
After completing the steps above, you will be able to complete a spot trade in OneKey.