What does Bitcoin spot trading mean? Bitcoin spot playing rules

php Editor Baicao: Bitcoin spot trading refers to the real-time transaction of Bitcoin between buyers and sellers directly on the trading platform to achieve the price and quantity agreed upon by the buyer and seller. Spot trading is the most basic trading method and the most common trading method. In spot trading, buyers and sellers need to register an account on the trading platform and deposit or withdraw Bitcoin. When the buyer and seller reach a transaction intention, the trading platform will match the transaction and transfer the Bitcoin from the seller's account to the buyer's account, and at the same time transfer the buyer's legal currency to the seller's account. Bitcoin spot trading has the characteristics of price transparency, fast transactions, and strong liquidity. It is one of the main ways for investors to participate in Bitcoin transactions.

What does Bitcoin spot trading mean?

Bitcoin spot trading refers to buying or selling Bitcoin at the actual price on an exchange. Traders buy or sell Bitcoin directly on the exchange and pay or receive corresponding funds in real time. This means that spot traders must hold enough funds to conduct transactions. When prices fluctuate greatly, spot traders need to do so quickly. Make decisions to avoid losses.

Generally speaking, when newbies in the currency circle buy and sell digital currencies, their first transaction is almost always done on a digital currency exchange. Generally, they exchange USDT, select the currency they want to buy, such as Bitcoin, and then press Buy at "market price" or "limit price". After buying, the Bitcoin will arrive in your account in about a few seconds. This method is to buy Bitcoin at the real-time transaction price of the market and receive it immediately. This kind of transaction This method is called "spot trading". Simply put, it is a transaction where money is paid and delivered on the spot.

The purpose of Bitcoin spot trading is to obtain or transfer the ownership of Bitcoin, which is a direct means to meet the needs of buyers and sellers. The purpose of Bitcoin futures trading is generally not to obtain physical Bitcoin, and the purpose of hedging is The purpose is to transfer the price risk of the spot market through Bitcoin futures trading, and the purpose of speculators is to obtain risk profits from price fluctuations in the futures market.

Bitcoin spot transactions mainly adopt the settlement method of one-time settlement at maturity, and there are also cash on delivery methods and installment payment methods in credit transactions. Bitcoin futures transactions implement a same-day debt-free settlement system. Both parties to the transaction A certain amount of margin must be paid and a certain level of margin must be maintained at all times during the transaction.

How much is the Bitcoin spot transaction fee?

Binance Exchange () Bitcoin spot trading fee is 0.1%. This is the pending order transaction fee and taker transaction fee for spot and margin transactions. If BNB (Binance Coin) is not used to pay For transaction fees, a standard fee of 0.1% will be charged for each transaction. If you use BNB to pay, you can enjoy a transaction fee discount. According to the system default settings, if there is BNB in ​​the account, the transaction fee will be automatically deducted from the BNB balance.

The handling fee for Bitcoin spot trading on Eureka Exchange is 0.15% for both placing orders and taker orders. The handling fee for placing orders and taker orders for the U contract is 0.02% and 0.05% respectively. The transaction fee for pending orders of this contract is 0.02%, and the transaction fee for taker orders is 0.05%. When HT is deducted from the U contract fee, the transaction fee for pending orders is 0.019%, and the transaction fee for taker orders is 0.0475%,

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