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How to Make Spot Transactions on CoinTR?
Cointr
2024-12-30 19:01
Spot trading on the CoinTR platform allows you to buy and sell your crypto assets quickly and easily. You can review our step-by-step spot trading guide below, and find detailed information about spot trading in this article.
Log in to Your Account
Access the home page by logging into your CoinTR account. If you do not have an account yet, you can start by completing the registration process.
Click on the Markets or Spot Tab
If you are using our mobile application, click on the "Markets" or "Trade" tab in the submenu of the Home page. In this section, you can select the cryptocurrency you want to buy and sell. If the platform you want to make spot cryptocurrency purchases and sales is our website, click on "Trade" on the CoinTR home page. Here, you can continue your spot trading transaction by selecting the trading pair you want to trade.
Select Buy or Sell Option
Select the "Buy" or "Sell" option for the trading pair you have selected (for example, BTC/USDT). Spot trading allows you to trade at market prices.
Enter Quantity and Price
Enter the amount of crypto you want to buy or sell in the relevant fields and the price at which the transaction will take place. You can use the "Market Order" option to complete the transaction faster.
Confirm Transaction
After checking the information entered, complete your transaction by clicking the "Buy" or "Sell" button. Your transaction will take place immediately and your crypto balance will be reflected in your cryptocurrency spot account in the "Assets" tab.
Spot trading on CoinTR is that easy!
What is a spot transaction?
Spot transaction is a type of transaction in which users instantly perform cryptocurrency purchase and sale transactions. In the cryptocurrency market, buyers and sellers trade directly on the live market at a specified price. In such transactions, assets are immediately transferred to accounts when the purchase and sale takes place. CoinTR offers convenience to its users with its fast and secure spot transaction infrastructure.
How to Perform Spot Transactions According to Order Types?
Spot transactions in cryptocurrency markets can be carried out using different order types. With two basic order types on CoinTR, Limit Order and Market Order, you can easily make your purchase and sale transactions on the market.
Limit Order
A limit order is an order type that users use when they want to carry out cryptocurrency purchase and sale transactions at a certain price level. In this order type, users often prefer this transaction type for transactions that they cannot follow continuously or will carry for a long time.
In purchase transactions, you can buy the cryptocurrency you want to buy at the minimum price you specify.
In sales transactions, you can sell your asset when it reaches the maximum price level you specify.
For example, while Bitcoin (BTC) is trading at 27,000 USD, if you enter a limit order at 26,500 USD to buy BTC, your purchase transaction will be carried out when the price drops to this level. This method is a very useful and convenient method, especially for users who want to benefit from price fluctuations.
Market Order
A market order is an order type that allows cryptocurrency purchase and sale transactions to be carried out immediately at the current market price. In this type of order, users provide their transactions from the price levels that are instantly realized in the cryptocurrency markets.
In purchase transactions, you can quickly buy the cryptocurrency at the current market price.
In sales transactions, you can instantly sell your asset at the current market price.
For example, when the price of Bitcoin (BTC) is 27,000 USD, the transaction is executed instantly when you place a market order. This type of order is especially suitable for users who want to make urgent purchases and sales.
Monitoring After Placing an Order
The orders you place on the CoinTR cryptocurrency exchange can be viewed in the Open Orders section during the transaction. Once your orders are fully filled, they are moved to the Order History and Transaction History sections. This allows you to track all your transaction activities and review your past transactions.
Tip:
Market Orders are automatically matched with the best price in the current market. However, due to market fluctuations, the fill price when the transaction is executed may be higher or lower than the expected price depending on the depth of the market. It is important to keep this variability in mind when using market orders.
As CoinTR, we offer a fast, low-fee and user-friendly platform for our users to securely perform spot transactions. For more information or support, you can contact our
Support Center Team.
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