Spot Product Details

I. Introduction to Spot Trading

Spot trading refers to the exchange of one digital asset for another. For example, in the ETH/BTC trading pair, ETH is the “traded currency”, and BTC is the “quoted currency”, meaning you use BTC to buy ETH.

Spot trading has two directions: Buy and Sell. Using BTC/USDT as an example: Buy: Trade with USDT at a limit or market price to receive the corresponding BTC. Sell: Trade with BTC at a limit or market price to receive the corresponding USDT. Spot trading has two types of orders: Limit Order and Market Order Limit Order: Executes a trade at a specified or better price. Limit orders do not guarantee execution. Market Order: Executes a trade immediately at the current best market price. Spot trading fees are divided into two roles: Taker and Maker Taker: Usually refers to an order that consumes liquidity from the order book, matching with a Maker order. Takers remove liquidity from the platform. Maker: Usually refers to an order placed in the order book waiting to be matched. Makers provide liquidity to the platform. 

II. How to Conduct Spot Trading

1. Fund Transfer

Before performing spot trading, you need to transfer assets from your funding account to your trading account.

Open the SunX App and log in. Go to Assets → Spot → Transfer. Select the cryptocurrency (e.g., USDT) and transfer it from Funding Account to Spot Account. Enter the amount to transfer and click Confirm Transfer.
2. Buying

Using BTC as an example:

Open the app and go to the Trading page. Click the trading pair box in the top-left corner to select the trading pair. Limit Order: Enter Price and Amount, then click Buy BTC to place the order. Market Order: Enter Amount or Total, then click Buy BTC to place the order.
3. Selling

Using BTC as an example:

Open the app and go to the Trading page. Click the trading pair box in the top-left corner to select the trading pair. Limit Order: Enter Price and Amount, then click Sell BTC to place the order. Market Order: Enter Amount or Total, then click Sell BTC to place the order.

4.  Viewing Candlestick Charts (K-Line)

Click the K-Line button in the top-right corner to enter the K-Line details page, which includes 24-hour trading data, order book depth, and real-time trade records.

5. Viewing Order Book for Trading Pairs

On the Buy/Sell page, the right-hand side displays the order book depth. You can see the pending buy and sell orders:

Red (top): Sell orders Green (bottom): Buy orders
6. Viewing Orders

At the bottom of the Buy/Sell page, you can view Current Orders.

Click the All button on the right to view:

Current Orders Historical Orders Trade History
Note:

Current Orders: Orders that are not yet fully executed or partially executed. Historical Orders: Orders that are fully executed, partially executed (and canceled), or fully canceled. Trade History: Detailed records of partially or fully executed orders.