Introduction to Spot Trading
Spot trading involves the immediate purchase or sale of cryptocurrencies at current market prices. Unlike futures trading, spot transactions settle instantly, with assets delivered directly to your wallet. This guide covers essential spot trading functionalities across OKX platforms.
Platform-Specific Trading Instructions
Mobile App & Web Trading
- Log in to your OKX account
- Navigate to "Trade" > "Spot"
- Select your trading pair (e.g., BTC/USDT)
- Choose order type (limit/market/stop)
- Enter amount and confirm trade
👉 Master spot trading techniques
Order Types Explained
| Order Type | Description | Best Use Case |
|---|---|---|
| Limit | Set exact price | Price-targeted trades |
| Market | Instant execution | Quick transactions |
| Stop | Triggers at price | Risk management |
Asset Management Features
- Small Asset Conversion: Combine dust balances into usable amounts
- Portfolio Tracking: Monitor performance with P/L analytics
- Order Book Visibility: View active orders and available balances
Advanced Trading Tools
Take Profit/Stop Loss
Web setup process:
- Access trading interface
- Enable "TP/SL" toggle
- Set trigger prices
- Confirm order
👉 Optimize your trading strategy
Margin Trading Basics
- Auto-borrow feature explanation
- Collateral requirements
- Interest calculation methods
Technical Trading Options
Jupyter Notebook Integration
- API connectivity setup
- Python trading scripts
- Real-time data analysis
Frequently Asked Questions
How do I cancel pending orders?
Navigate to "Open Orders," select the order, and click cancel. Funds will be released immediately.
What's the difference between spot and margin trading?
Spot uses available funds only, while margin allows borrowing for larger positions (with associated risks).
Why can't I place trades with available balance?
Check for:
- Pending orders reserving funds
- Minimum order requirements
- Market liquidity conditions
How are trading fees calculated?
Fees vary by:
- 30-day trading volume
- OKB holdings
- Maker/taker status
What time does the exchange update daily?
OKX operates 24/7 with no daily closure. System maintenance is announced in advance.
Where can I view coin pair details?
All trading pairs show:
- Current price
- 24h volume
- Price charts
- Order book depth
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