Spot Trading FAQ
2023-10-12 07:41:08
1. What is cryptocurrency spot trading?
Crypto spot trading refers to the process in which buyers and sellers trade at the current market price, exchanging one cryptocurrency for another. For example, in the BTC/USDT trading pair, buyers can use USDT to buy BTC, while sellers can sell BTC to receive USDT.
2. What is the difference between spot trading and futures trading?
There are significant differences between cryptocurrency spot trading and futures trading. In spot trading, traders must possess the target asset and conduct trades at the current market price. In KCEX futures trading, the two parties do not directly exchange actual assets. Instead, they buy long or sell short based on the prediction of the asset price movement trend to gain profits from price increases/decreases. In futures trading, users can leverage their capital, but traders are required to provide a certain amount of assets as margin.
3. What are the spot trading fees on KCEX?
Currently, KCEX has announced "Lowest Fees in the Market: the KCEX Launches Zero Trading Fee Event for Spot Trading", there are no trading fees for spot trading.
4. What are Takers and Makers?
“Maker” refers to an order that does not match with an existing order immediately when placed and is instead added to the order book to wait for execution, thereby adding liquidity to the market.
“Taker” refers to an order that is placed and immediately matches with an existing order, thereby taking liquidity from the market.
We hope these answers help you better understand cryptocurrency trading. If you need more information about fees or platform functionalities, please feel free to contact our customer support team.
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Enjoy trading on KCEX,
The KCEX Team
