BingX Tutorial | How to Get Started With Spot Trading (App)

Play the video to learn how to start spot trading on BingX
This video is for demonstration only. The actual situation may be subject to market conditions and platform rules.
 

1. What is Spot Trading
Spot trading is the process of buying and selling cryptocurrencies such as Bitcoin and Ethereum for immediate delivery. It enables traders to directly profit from any increases in cryptocurrency value.
In a spot trading market, investors have ownership of the cryptocurrencies they purchase and are entitled to specific rights, such as voting, participation, and staking.

2. What Types of Orders are Supported in Spot Trading
Market Order: Allows investors to buy or sell an asset at the current market price.
Limit Order: Allows investors to buy or sell an asset at a pre-determined price.

3. How to Trade Spot on the BingX App
Step 1: Log in to your BingX app and tap the BingX icon on the bottom navigation bar. Then, tap "Spot" to enter the trading page.

Step 2: Select your desired trading pair, or use the search bar to find specific pairs. You can also explore different trading sectors by clicking on the different tabs.

Step 3: Tap on the "Candlestick" icon to enter the candlestick chart interface for the chosen pair. This interface provides options to view candlestick patterns across different timeframes, the order book, the latest trades, and coin information.

Before initiating any trades, ensure that your available balance is sufficient. Select "Deposit", "Quick Buy", or "Transfer" to add funds.

Step 4: Based on your needs, select "Buy" or "Sell" as the trading direction and choose from "Market", "Limit", "Trigger", or "TP/SL" as the order type. Then, specify the desired price and amount either by typing or dragging the bar.

Let's take BTC/USDT as an example and proceed with the following two orders:

• Buy Order: Tap on "Buy," then select "Market." Input the desired "Total" or "Amount" and tap on "Buy BTC" to place the order.
• Sell Order: Tap on "Sell," then select "Limit". Input your desired price and amount, and tap on "Sell BTC" to place the order.

After placing an order, you can view your order details in "Open Orders". Before an order is filled, you can tap on "Cancel" to cancel the order.

Step 5: Enter the "All Orders" page to view your "Order History" and "Trade History".

Step 6: Tap on the "···" icon to enter "Common Features". This section serves as a valuable resource for addressing any queries regarding spot trading and gaining a deeper understanding for this type of trading.

See also: BingX Tutorial | How to Get Started With Spot Trading (Web)

>>> Start your spot trading journey with BingX now

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Risk Disclaimer

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.

BingX attaches great importance to compliance and has strictly abided by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.

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