Overview
Spot trading allows you to buy or sell digital assets at the current market price or at a price you specify.
BKG Exchange supports spot trading for available trading pairs, such as BTC/USDT and other supported pairs.
This guide explains how to place and manage a spot order on the BKG Exchange Website or App.
Option 1: Trade Spot on the Website
Step 1: Log In
Log in to your BKG Exchange account.
Step 2: Open Spot Trading
Go to the Spot Trading page.
Step 3: Select a Trading Pair
Select the trading pair you want to trade.
For example:
- BTC/USDT
- ETH/USDT
Make sure you select the correct trading pair before placing an order.
Step 4: Select an Order Type
Select the order type available for the trading pair.
Common order types may include:
- Limit Order – Place an order at a specific price. The order will be executed when the market reaches your specified price and there is sufficient matching liquidity.
- Market Order – Buy or sell immediately at the best available market price.
Available order types may vary depending on the current product configuration.
Step 5: Enter the Order Information
Enter the amount or quantity you want to buy or sell.
For a Limit Order, enter your desired price.
Check the order information carefully before submitting it.
Step 6: Submit the Order
Click Buy or Sell to submit your order.
Complete any required security verification if prompted.
Step 7: Check Your Order
After submitting the order, you can check its status in the order or trade history section.
A Limit Order may remain open until it is fully filled, partially filled, cancelled, or otherwise completed according to the trading system.
Option 2: Trade Spot on the App
Step 1: Log In
Open the BKG Exchange App and log in to your account.
Step 2: Open Spot Trading
Go to the Spot Trading section.
Step 3: Select a Trading Pair
Select the digital asset and trading pair you want to trade.
Step 4: Select an Order Type
Choose the available order type, such as Limit Order or Market Order.
Step 5: Enter the Order Information
Enter the required price and/or quantity.
Review the order details before submitting.
Step 6: Place the Order
Tap Buy or Sell and complete any required security verification.
Step 7: Check Your Order
You can view open orders, completed orders, and trade history from the relevant order section.
How to Cancel an Open Order
If an order has not been fully executed, you may be able to cancel it from the open orders section.
- Open the Open Orders section.
- Find the order you want to cancel.
- Select Cancel or the corresponding cancellation option.
- Confirm the cancellation.
Orders that have already been fully executed generally cannot be cancelled.
Important Notes
- Check the trading pair carefully before placing an order.
- Review the price and quantity before confirming a trade.
- Market Orders are executed based on available market liquidity, so the final execution price may differ from the price displayed when the order is submitted.
- Limit Orders may not be executed if the market does not reach the specified price or sufficient matching orders are unavailable.
- Trading fees may apply according to BKG Exchange's current fee schedule.
- Digital asset prices can change rapidly. Make sure you understand the risks before trading.
FAQ
What is spot trading?
Spot trading is the purchase or sale of a digital asset for immediate settlement through the spot market.
What is a Limit Order?
A Limit Order allows you to specify the price at which you want to buy or sell. The order is executed only when matching market conditions are available.
What is a Market Order?
A Market Order is designed to execute at the best available prices in the market at the time the order is submitted.
Why has my Limit Order not been executed?
Your order may remain open if the market has not reached your specified price or there is insufficient matching liquidity.
Can I cancel an order?
An open order may generally be cancelled before it is fully executed. Orders that have already been executed cannot normally be cancelled.