Spot trading refers to the buying and selling of cryptocurrencies for immediate delivery and settlement. Unlike futures contracts, spot trades involve taking immediate ownership of the cryptocurrency after the transaction is completed. The exchange of the assets between the buyer and seller happens right after the order is executed, with no future obligation.
- Log into your LBank account and tap "Trade" on the top navigation bar and select "Spot Trading". Ensure that you have funds or an available balance in your account before trading.
- Choose the trading pair you want by selecting it on the right side or searching for it (e.g. ETH/USDT).
- Select your order type: Limit Order, Market Order, or Trigger Order. On the trading page, enter the trading volume and trading direction (buy or sell). You can also use the percentage bar below to place orders based on your account balance.
*Notes:
- Limit Order allows you to set a specific or better price to buy/sell. Buy limits execute at the limit price or lower. Sell limits execute at the limit price or higher. Note limit orders don't guarantee execution.
- Market Order immediately matches you with the best available price in the order book. The execution price may differ slightly (slippage).
- Trigger Order allows you to set conditions that, when met, will automatically execute the order. It is used for opening long/short positions at certain price levels or market conditions.
- Review details on the confirmation screen, then tap "Confirm".
- After confirmation, You can view orders under "Open Orders" or "Order history".
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For any assistance, please contact us at our official email service@lbank.com. We are dedicated to providing quality, professional and prompt support.
Disclaimer: Digital assets are subject to high market risks and price volatility. The value of your investments may fluctuate, and could even lead to a loss of principal. You are solely responsible for your investment decisions, and LBank is not liable for any losses you may incur. You should invest only in products you are familiar with and understand the risks involved. You should carefully consider your investment experience, financial status, investment objectives, and risk tolerance, and consult an independent financial advisor before any investment. Past performance is not a reliable indicator of future performance. Content on the LBank platform does not include advice or recommendations, and should not be construed as financial advice.
LBank reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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