1. What Is Spot Trading?
Spot trading refers to buying or selling digital assets directly using the available assets in your account, either at the current market price or at a price you set yourself.
For example, when a user buys BTC with USDT, the BTC will be credited to the spot account after the order is filled. When a user sells BTC, the USDT received from the trade will be credited to the spot account.
Spot trading is an asset exchange activity. It does not involve leverage and does not include forced liquidation mechanisms like futures trading.
2. What Do You Need Before Starting Spot Trading?
Before making a spot trade, please make sure that:
You have registered and logged in to the 100X App
You have available assets in your account, such as USDT
You have entered the spot trading page
You have selected the trading pair you want to trade, such as BTC/USDT or ETH/USDT
3. How to Buy Digital Assets
The steps are as follows:
Open the 100X App
Go to the 【Trade】 page
Select 【Spot】 trading
Choose the trading pair you want to trade
Select an order type, such as Market Order or Limit Order
Enter the buying quantity or amount
Confirm the order details and tap Buy
After the order is filled, you can view the corresponding asset in your spot account
For example, when selecting the BTC/USDT trading pair, buying means using USDT to purchase BTC.
4. How to Sell Digital Assets
The steps are as follows:
Enter the spot trading page
Select the corresponding trading pair
Choose the sell direction
Enter the selling quantity
Confirm the price, quantity, and estimated order amount
Tap Sell
After the order is filled, the received asset will be credited to your spot account
For example, when selecting the BTC/USDT trading pair, selling means selling BTC to receive USDT.
5. Where to View Orders and Assets
Users can view open orders, order history, and trade history on the spot trading page.
After an order is filled, the related assets can be viewed in the spot account under the 【Assets】 page, including available balance, frozen amount, and total asset amount.
6. Friendly Reminder
Spot trading does not cause liquidation, but digital asset prices may fluctuate significantly. Please fully understand the market risks before trading and operate reasonably based on your own risk tolerance.
7. Special Note
100X provides spot trading services and related feature descriptions. This does not constitute any investment advice. Users should make independent trading decisions and bear the related risks themselves.