What is Bitunix Spot Trading and What are Its Features?

Dubai, UAE, 7th April 2023, ZEXPRWIRE, Spot trading is between two different cryptocurrencies, using one of the currencies to purchase other currencies. The trading rules are to match transactions in the order of price priority and time priority, and directly realize the exchange between two crypto-currencies. For example, BTC/USDT refers to the exchange between USDT and BTC.
 
Spot trading includes limit order and market order:
 
Limit Order: Users set the buying or selling price by themselves. The order will only be executed when the market price reaches the set price. If the market price does not reach the set price, the limit order will continue to wait for the transaction in the order book;
Market Order: Market order refers to the transaction without setting the buying price or selling price. The system will complete the transaction according to the latest market price when placing the order, and the user only needs to input the quantity to be placed.
 
The difference between contract trading and spot trading
 
Contracts are bought and sold to represent the value of a specific crypto asset. The trader does not own the underlying crypto asset in either a long or short position. Therefore, the trader holding the contract does not have the right to vote or participate in a staking.
While a general spot trading is one in which delivery is made instantly during the buying and selling process. Take BTC-USDT trading pair as an example. During the trading process, the trader sells 100USDT to get the equivalent value of BTC. After the transaction is completed, the trader no longer holds the sold USDT, but the equivalent value of BTC is worth 100USDT. The trader has direct ownership of that part of BTC and enjoys the right to participate in community voting.
 
Spot Trading at Bitunix
 
Bitunix offers spot trading for all crypto traders. Users can easily spot transactions through the Bitunix website (Bitunix.com) or the mobile app. Currently, Bitunix offers more than 160 trading pairs at industry-low fees, providing ample liquidity and high-speed aggregation to easily meet the trading needs of different traders.
 
For additional information and business inquiries, please contact: https://bitunix.com

The Post What is Bitunix Spot Trading and What are Its Features? first appeared on ZEX PR Wire

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

News

New Zealand Visa For US, Poland And European Citizens

NEW ZEALAND VISA BLOG You may be tempted to visit New Zealand because of its breathtaking scenery, exciting activities, or even The Lord of the...

Klaiyi Hair Announces Autumn New In Sale Event From September 17 to September 25

Klaiyi Hair announces Autumn New in Sale Event for the benefit of its valued customers. Santa Fe Springs, CA, 16th September 2022, ZEXPRWIRE, Klaiyi Hair has announced...

Canada Visa For Belgium, New Zealand, Danish, Spanish, Italian Citizen

CANADA VISA FOR BELGIAN CITIZENS Belgian nationals who want to enter Canada legally must have a valid eTA or visa. Belgian citizens can now apply...

ContractSafe Ensures Excellent Contract Breach Risk Mitigation with Its Powerful Contract Management Software

ContractSafe brings a robust contract management software program that guarantees exceptional breach risk mitigation. With powerful features, it ensures comprehensive control, compliance, and organization,...

Serenity Trends: Redefining Pet Fashion with a Global Online Store

California, US, 7th June 2023, ZEX PR WIRE, Serenity Trends, a leading online retailer, has emerged as a premier destination for pet lovers worldwide,...

Hartford-Based Luxury Clothing Store, One Foot Forward, Is Bringing An Element of Comfort to Premium Quality Clothing

“Our premium quality clothes are for fierce men and women who never look back,” Says One Foot Forward’s CEO Hartford, CT, 19th September 2022, ZEXPRWIRE, The sofa-to-street...

The Plug has launched it’s all in one Delivery Platform!

Florida, United States, December 9, 2020, ZEXPRWIRE, The Plug allows customers to order delivery from their local legal licensed & verified: Medical Cannabis DispensariesRecreational Cannabis DispensariesCBD...