FAQ — Spot Trading
22 days ago · Updated on
This article contains the following sections:

 1. What is Crypto Spot Trading?

Crypto Spot Trading on Zoomex involves a direct transaction between buyers and sellers to exchange one cryptocurrency for another at the current market price. For example, in a BTC/USDT trading pair, the displayed price shows how much USDT is needed to purchase 1 BTC or the amount of USDT received when selling 1 BTC.


2. Differences Between Spot Trading and Derivatives Trading

Spot Trading and Derivatives Trading differ in several ways.
 
In Spot Trading, traders buy or sell the actual cryptocurrency at the current market price, exchanging assets immediately. Ownership of the asset is required in this type of trading.
 
Derivatives Trading, by contrast, involves contracts based on a cryptocurrency’s future price. Traders speculate on price movements rather than holding the asset itself. They may go long, predicting a price increase, or go short, predicting a decrease. While no physical assets are exchanged, traders are required to maintain a certain margin (determined by leverage) to cover potential losses.

 

3. Zoomex Spot Trading Fees

Zoomex charges a 0.1% trading fee for Takers and Makers both.
 

4. Maker vs. Taker

A Maker is a trader who places an order that is added to the order book, increasing market depth and providing liquidity. A Taker executes an order immediately against an existing order in the order book, reducing market depth.


5. Which Account to Use for Spot Trading

Funds should be transferred to the Trading Account to engage in Spot Trading.


6. Depositing Funds to Your Trading Account

To fund your Trade Account, you can:
  • Deposit: Directly deposit funds if your account has no crypto assets.
  • Fund Transfer: Transfer funds from another account.

7. Supported Order Types in the Spot Market

In the Spot Market, you can use several order types, including Market Order, Limit Order, TP/SL Order.

 

8. Why Market Orders May Restrict Quantity Entry

Market orders are executed at the best available price in the order book. For accuracy, traders should specify the amount of funds they want to use rather than the quantity of cryptocurrency.

 

9. Trading Limits for Spot Trading on Zoomex

Yes, trading limits apply. Please see the Zoomex Spot Trading Rules for details.


10. Minimum/Maximum Order Volume Per Transaction

For details on minimum and maximum trading volume limits, see the Zoomex Spot Trading Rules.


11. Viewing Order History

On the Zoomex app, navigate to Spot, and tap All Orders to view your order history.
On the Zoomex Webpage, click the note icon located on the far right in the navigation bar and click on Trading orders → Spot orders
 

Current Orders, Order History, and Trade History

  • Current Orders: Shows pending orders.
  • Order History: Lists filled or canceled orders.
  • Trades History: Displays completed trades. Large orders filled by multiple trades will show each trade here.
 

12. Asset sharing between Spot and Derivatives trading funds

Trading Account consolidates spot and contract trading into a single account that eliminates the need for manual transfers