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Spot Trading Tutorial

Everything you need to know to buy/sell cryptocurrencies with hi

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Written by Angelina
Updated over a week ago

How do I enable Trader Mode?

To enable Trader Mode, go to “Profile & Settings” from the Main Menu and slide the toggle to on. You can toggle on and off any time.

How do I access trading?

Select “Trade” from the navigation bar to view a list of available trading pairs. Select a trading pair to view market details.

Add your favorite pairs to your Watchlist by marking them using the star icon, and easily navigate to other trading pairs by using the switch button in the top-left.

Advanced charting and analysis

Use the candlestick charts to analyze trends depending on the variables you choose. You can select the current price, 24-hour price, and trading volume of the selected trading pair. Use the bar graph to analyze trading volumes depending on the time interval you select. You can also switch the technical indicators for the data you want to check. To view the chart in full screen, simply rotate to view in landscape mode.

About Transactions

Orders

Use the Order Book on the left-hand side of the screen to review all orders real-time. The upper part in red shows the asks (Sell orders), while the lower part in green shows the bids (Buy orders). In between the asks and bids, you can see the current market price. On the right-hand side is the ordering panel, where you can place orders according to the price, quantity, and type you set.

Trades

Trades refers to the most recent, real-time buying and selling activities for the selected pair. Like the Order List, prices in red indicate Sell orders; and the prices in green indicate Buy orders.

How do I place an order?

You can choose between placing a Limit Order and a Market Order. The differences are as follows:

Limit Order

  • A Limit Order is an instruction to place an order to buy or sell at a specific price. If the market price does not hit the price set, the order will not be executed.

Market Order

  • A Market Order is an instruction to buy or sell an asset at the current market price. Once the order is submitted, the transaction will be executed immediately according to the latest market price.

What are Frozen Funds?

Funds are frozen in your Trading Account when you place a Limit Order.

For example, if you submit an ETH/USDT limit order to purchase ETH, the corresponding USDT amount will be frozen until the order is fulfilled.

The same applied to Sell Limit Orders. If you place a limit order to sell ETH for USDT, the ETH is frozen until sold.

If the order is cancelled, the frozen funds are released back to you as normal.

What’s the difference between Amount and Total Orders?

Members can choose to place an order by a specific amount of an asset, or by the total value of the transaction. In the example shown, the unit is BTC to place an order by the amount, indicating how many BTC to buy or sell. If the order is placed in the form of a total amount, the unit is USDT, which means buying or selling BTC worth a certain total value of USDT. To quickly place an order, use the percentage tool to trade a percentage of the asset you hold in your wallet.

How do I view open orders?

After placing an order, you can view your unfilled orders under the Open Orders section. You cancel any order you see here.

How do I view completed orders?

For orders that have been filled, you can tap the Trade History button on the right side of the menu. You can also switch between tabs to view the historical records of the orders you placed (both filled and canceled) at Order History.

Review Order and Trade History

Review the specific details of an order or transaction within the Order History and Trade History sections.

Quickly find historical orders and transaction details

When reviewing History, you can customize the filter at the top right corner to set order conditions for quick searches.

About Trading Fees

Currently a minimal fee of 0.2% is charged. Trading fees are subject to change as the full exchange functionality is deployed.

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