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What is spot trading?

Spot trading is when users instantly buy and sell real digital assets at the current market price. The assets are delivered immediately after the transaction is completed, with no leverage risk.

What is the difference between spot trading and futures trading?

Spot trading involves immediate delivery, where you own the asset once you buy it. Futures trading is based on contracts for future prices, allowing for leveraged trading and the ability to go long or short. You do not physically own the underlying asset itself during the transaction.

What is the difference between spot trading and margin trading?

Spot trading requires you to purchase the full amount of the asset, so the risk is lower. Margin trading allows you to borrow funds to amplify your position, which leads to both higher potential returns and higher risk.

What are the advantages of spot trading?

• It's simple to operate, making it great for beginners.
• Transactions are completed instantly, so you don't have to worry about forced liquidation.
• Fees are low and liquidity is high.
• You can buy and sell anytime, allowing for flexible asset management.

How do I access the Bifu spot trading interface?

After logging in to your account, click [Trade] on the bottom menu, then select [Spot Trading] in the top right to enter the spot trading page.

How do I view the trading interface information?

• The left side displays the buy and sell order book, with buy orders defaulting to green and sell orders to red.
• The right side is the order placement area, where you can create buy and sell orders.

How do I deposit funds into my spot account?

Click [Account] on the bottom right, select your deposit currency and method, and transfer funds to your spot account.

How do I use a limit order to buy a digital asset?

Select a limit order, enter your desired price and quantity, and click buy. The order will be filled when the market price reaches the specified price.

How do I use a market order to sell a digital asset?

Select a market order, enter the quantity you want to sell, and click sell. The order will be filled immediately at the best available market price.

How do I view and manage my pending orders?

At the bottom of the trading page, you can view your current pending orders and historical trades. You can also edit or cancel individual or all pending orders.

What are the spot trading fees?

Spot trading fees currently follow a unified standard. You can view them in the bottom right corner of the spot trading order page: Taker fee is 0.0005, and Maker fee is 0.0002.

How do I withdraw a cryptocurrency?

Go to the Account -> Withdrawal page, enter the withdrawal address and amount, complete the security verification, and submit the withdrawal request.

What should I do if a deposit or withdrawal is abnormal?

Please contact Bifu customer service immediately and provide the relevant transaction receipts. We will assist in resolving the issue.

How is account security ensured?

We recommend enabling two-factor authentication (2FA), setting a strong password, and avoiding logging into your account in public places.

Which cryptocurrencies are supported for spot trading?

Bifu supports a variety of mainstream and popular digital assets. For the full list of trading pairs, please refer to the trading pair list page.

What if a transaction fails or the price is abnormal?

This may be due to market volatility or network delays. Please wait patiently or contact customer service for an inquiry.