Kindly ensure to complete the KYC verification process in your account before initiating any trades. This step is essential to comply with regulatory requirements and to safeguard your account security.
On the Web
Transfer assets to Spot Account. Before starting spot trading, make sure you have transferred your assets to the Spot Account.
1. Log into your BlockFin account, click [Assets] - [Overview/Spot] in the upper right corner. On the Spot Account page, click on [Transfer] in the top right corner to move your funds to the Spot Account. Kindly note that you can select Spot account as To account, then select the coin you want to transfer.
Alternatively, go to the Spot trading page to transfer assets. By clicking [Sell] - [transfer] icon in the order placement section, you can transfer assets directly on the transfer interface.
2. Click [Spot] in the navigation bar to enter the Spot trading page.
3. Buy and Sell BTC
Assuming you wish to buy or sell BTC, on the trading page, enter BTC into the search bar. Then, you can select your desired trading pair BTC/USDT to conduct your trade.
How to buy BTC?
When you have USDT in your spot account and want to convert it to BTC, at this time, you need to buy BTC in USDT.
Under the [Create Order] section, select "Buy". Then, choose one order type from [Limit], [Market], or [Trigger], enter the price and USDT amount you wish to purchase. Optionally, you can also drag the slider bar below the [Amount] field to customize the percentage of the Spot Account balance to use for the order. The order is placed successfully. After it is filled, you will have BTC in your account.
How to sell BTC?
On the contrary, when you have BTC in your spot account and hope to get USDT, at this time, you need to sell BTC to USDT.
Select "Sell" to create your order, select one order type from the available options: [Limit], [Market], or [Trigger], enter the price and BTC amount you wish to sell. The order is placed successfully. After the order is filled, you will have USDT in your account.
Select "Sell" to create your order, select one order type from the available options: [Limit], [Market], or [Trigger], enter the price and BTC amount you wish to sell. The order is placed successfully. After the order is filled, you will have USDT in your account.
4. View open orders and order history.
On the [Spot Trading] page, click on the [Open Orders] tab to view your orders that are waiting to be filled to review the details of your open orders, including the trading pair, order type, price, and quantity. Click on the [Order History] tab to access your filled and canceled orders.
You can also check order records on the [Order Center] page by clickingon [Assets] - select [Order Center].
On the App
1. Open BlockFin App and tap on [Spot] at the bottom of the homepage to enter the Spot Trading interface.
2. Before starting spot trading, please ensure you have transferred your assets to the Spot Account. If there are no assets or insufficient assets in your spot account, you can tap on the [Transfer] icon to move your assets to the spot account.
3. Assuming you wish to buy or sell BTC, on the trading page, enter "BTC" into the search bar. Then, you can select your desired trading pair BTC/USDT to conduct your trade.
How to buy BTC?
When you have USDT in your spot account and want to convert it to BTC, at this time, you need to buy BTC in USDT.
Tap on "Buy" button, choose one order type from [Limit], [Market], or [Trigger] and enter the price and USDT amount you wish to purchase. optionally, you can also drag the bar below the [Amount] field to customize the percentage of the Spot Account balance to use for the order. The order is placed successfully. After it is filled, you will have BTC in your account.
How to sell BTC?
On the contrary, when you have BTC in your spot account and hope to get USDT, at this time, you need to sell BTC to USDT.
Select "Sell" to create your order, select one order type from the available options: [Limit], [Market], or [Trigger], enter the price and BTC amount you wish to sell. The order is placed successfully. After the order is filled, you will have USDT in your account.
4. View open orders and order history.
On the [Spot Trading] interface, tap the [Order History] icon next to [Open Orders] to enter the Spot Order Center page. Open orders mean orders you placed are waiting to be filled. All filled orders and canceled orders will be displayed under Order History.
Besides, you can also check the spot order history by tapping on [Wallet] -> [Spot] -> [Order Center].
Order Types:
The default order type is market order. You can use limit order or trigger order to fill your order at the price you set.
A limit order is an order to buy or sell at a specific price or better. Limit orders are not guaranteed to be executed. Price priority, time priority.
A Market Order is an order type that is executed at the current market price. When you place a market order, you are essentially requesting to buy or sell a security or asset at the best available price in the market. The order is filled immediately at the prevailing market price, ensuring a quick execution.
A trigger order, also known as a conditional order or stop order, is an order type that is executed only when a specific condition or trigger price is met. It allows you to set a trigger price at which the order becomes active and is sent to the market for execution. Once the trigger price is reached, the order is converted into a market or limit order and executed according to the specified instructions.
Post only: When the user's order is sent to the market if the transaction type can be executed immediately with Taker, the order will be canceled for the user to ensure that the user's transaction type is always Maker after the order is placed in the Maker-only way.
FOK (Fill Or Kill): If the user's order cannot be completed immediately after being sent to the market, all orders will be canceled.
IOC (Immediate Or Cancel): If the user's order is not executed immediately after it is sent to the market, the unexecuted part will be canceled.
GTC (Good Till Canceled ): The user's order stays active until it's filled or canceled.
Notes:
1. Since market orders are immediately filled, they cannot be canceled. You can review order details in your Order Center. Market orders are matched with the best available maker order price in the market at the time and may be influenced by market depth. As such, please be mindful of market depth when placing market orders.
2. Before spot trading, please ensure you have transferred assets to your spot account.