Nexus Fintrade (Beta) Help Center
  • 👋Welcome to NEXUS FINTRADE (Beta) Help Center
  • User Guide
    • 😃Getting started
      • How To Get Started?
      • How to KYC verification?
      • How to modify safety verification?
      • An Overview of Products & Features
      • How to Select Futures Trading Pairs?
      • A Beginner’s Guide to Crypto Spot Trading (Website)
      • A Beginner’s Guide to Crypto Futures Trading (Website)
  • FUNCTIONALTITIES & GLOSSARY
    • 📑LFX Trading
      • What's LFX?
      • Margin of LFX
      • How to start LFX trading?
      • Margin call & liquidation
      • Financing costs
    • 🏡Account
      • Funding Account and Trading Account
    • 🫰Multi-Assets Cross Margin
      • Benefits of Trading USDⓈ-Margined Futures in Multi-Assets Mode
      • Auto-Exchange in Multi-Assets Mode
      • Cross Margin Mode
    • 🔐Security Design
      • Securing Your Account
      • Security Tips
    • 🅱️Crypto Trading
      • Trading Glossary
        • Market Makers and Takers
        • Order Book and Market Depth
        • Position Modes
      • Spot Trading
        • Types of order on Spot Trading
        • What is spot trading?
      • Futures Trading
        • Perpetual Futures and Quarterly Futures
        • What Are Cryptocurrency Futures?
        • Differences Between Perpetual Contract and Traditional Futures Contract
        • Spot vs. Futures Trading
        • Margin vs. Futures Trading
        • USDⓈ-Margined Futures Contract Specifications
        • Liquidation Price of USDⓈ-M Futures Contracts
        • Futures Trading Risk Control
        • Leverage and Margin of USDⓈ-M Futures
        • Types of Order on Futures Trading
        • Summary of Failed Orders in Futures Trading
        • Open or Close Position in Hedge Mode
        • Go Long or Short on Futures
  • FAQs
    • 💸Withdrawals and Deposits
      • Why Hasn’t My Withdrawal Arrived?
      • What Can I Do When Withdrawal Is Suspended?
      • How To Withdraw Crypto on the Platform?
      • Why Hasn’t My Deposit Been Credited?
      • What Can I Do When I Withdraw to A Wrong Address?
      • What's the Withdrawal Fees on our Platform
      • How to Deposit Crypto to our Platform?
    • ⚖️Trading
      • What Is Multi-Assets Mode, and What Assets Does It Support?
      • How to Check My Asset Balance in Multi-Assets Mode?
      • How to Calculate Margin in Multi-Assets Mode?
      • How to Download Spot Trading Transaction History Statement ?
      • What are Market order and Limit Order Price Cap and Floor Ratio ?
      • How to Prevent Phishing Attacks?
      • How to View My Trading Activity?
      • How to Calculate Return on Investment (ROI)?
      • How to Download My Order History for USDⓈ-M, and COIN-M Futures Orders?
    • ✅Account Verification
      • Why Can’t I Receive Emails from the Platform?
      • How to Whitelist the Platform's Emails?
      • Where can I get my account verified on the website?
      • How to Register on the Platform's Website?
    • 🔓Account Management
      • How to Create a Trading Account on the Platform?
      • How to Check the Platform and Transfer Funds on Wallet Overview?
    • ⚠️Risk Mitigation
      • How to Reduce Your Chances of Getting Liquidated?
      • How to Improve Risk Management on Platform's Futures?
      • How Liquidation Works in Futures Trading?
      • How to Manage Risk and Trade Responsibly?
      • How to Calculate Profit and Loss for Futures Contracts?
    • 🔐Security
      • How to Reset Your Account Password?
      • How to Secure Your Account on the Platform?
      • How to Protect Your Account on the Platform from Scam?
  • RULES & FEES
    • 🏛️Calculation Glossary
      • Fee Structure on the Platform
      • Calculation of Commission in Spot & Margin Trading
      • Calculation of Commission in Future Trading
      • Funding Rates in Perpetual
      • Margin Level and Margin Call
      • Daily Interest Rate for Margin Trading
      • Liquidation Protocols
      • Calculation of Perpetual Margin
      • Loans and Interests
      • Leverage and MMR & IMR
Powered by GitBook
On this page

Was this helpful?

  1. User Guide
  2. Getting started

A Beginner’s Guide to Crypto Spot Trading (Website)

PreviousHow to Select Futures Trading Pairs?NextA Beginner’s Guide to Crypto Futures Trading (Website)

Last updated 4 months ago

Was this helpful?

A spot trade is a straightforward transaction between a buyer and a seller at the current market rate, also known as the spot price. The trade is executed instantly once the order is fulfilled.

Users can set up spot trades in advance with a specific target price, also known as a limit order. You can make spot trades on our platform's trading page interface.

Here's how to make a spot trade on our platform:

  1. Go to our website and click on "LogIn" in the top right corner.

  1. Click on any cryptocurrency on the Spot page to go directly to the corresponding spot trading page.

  1. You will now find yourself on the trading page interface.

  1. Select the wallet you want to use for this trade.

  1. Let's say you want to buy BTC. Enter the price and the amount for your order in the buying area. Click "Buy BTC" to complete the transaction. You can follow the same steps to sell BNB.

The default order type is a limit order. If you want to execute your trade as soon as possible, you can switch to a "Market" order. By choosing a market order, you can trade instantly at the current market price.

If you want to buy or sell at a specific price, you can place a "Limit" order. For example, if the market price of BNB/BTC is 0.002, but you want to buy at 0.001, you can place a limit order. When the market price reaches your set price, your order will be executed.

The percentages shown below in the BNB "Amount" field refer to the percentage of your held BTC that you wish to trade for BNB. You can adjust the desired amount by moving the slider.

You can review your balance change in the wallet area below the buying area.

  1. Spot Order History

Check the current and historical order information at the bottom of the transaction area or on the "Transaction" page for a complete review.

Note: The platform reserves the right to change order types based on market conditions.

😃