Guide to Spot Trading on BTSE

Guide to Spot Trading on BTSE

Guide to Spot Trading on BTSE

BTSE’s trading and charting functionalities enable traders to trade spot crypto assets seamlessly, featuring, for example, advanced order types and fast execution. 

To start spot trading on BTSE, proceed to the exchange and press the Spot tab under the Trade menu, as shown below.

Then select a market by clicking the > arrow next to BTC-USD, as shown in the picture below.

Next, select an order type based on your trade plan and the functionality you need. BTSE offers advanced order types like TIF orders – including GTC, FOK, and IOC orders – in addition to standard limit, market, OCO, and index orders. You can also toggle here between Buy or Sell orders at the top.

You can click the dropdown arrow next to Good Till Canceled to pick another TIF order type with the option to add a timeframe to your GTC order. 

Then enter in your order size and the price at which you would like this order to fill.

Once you have added an order to the order book, it will show in the Open Orders section at the bottom of the interface if it has not yet been filled but is pending on the order book. Once your order has been filled, it will show as an open order with your PNL (profit and loss). 

All-in-one Order Book

You can monitor the order book on the trading platform to see the depth of the market. BTSE features an all-in-one order book that combines buy and sell orders for all trading pairs of each main market in one order book. 

In contrast, most exchanges typically have a separate order book shown on their platform for each trading pair on which all buy and sell orders for that specific trading pair are collected and matched. This means if you are trading ETH/USD, you access a different order book than traders trading the ETH/EUR trading pair, which may have different or less liquidity than the USD or SGD pair, for example. 

However, by combining all trading pairs in one order book, BTSE is able to provide deeper liquidity to allow traders to take advantage of higher fill rates and even arbitrage opportunities, as well as contribute to better price discovery across all markets for all traders around the global crypto markets. 

Traders who are trading less frequently used trading pairs, like BTC/JPY, are no longer at a disadvantage due to price inefficiencies. Such inefficiencies, attributed to less liquidity, are an issue with such trading pairs on other exchanges. 

This also means that you can choose to switch between trading spot pairs in fiat, stablecoin, or crypto (ETH/BTC for example), yet use the same order book.

All-in-one order book

 


Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at feedback@btse.com or on Twitter @BTSEcom.

Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.

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