In this article I will show you how to trade in spot market in Bityard exchange, spot trade also known as spot transaction refers to the purchase of currency, commodity etc. in this case Bitcoin. Crypto spot trading allows you to purchase crypto-assets and hold them until their price increases or use them to buy different assets. Bityard supports more than 30+ crypto-assets such as Bitcoin, Ethereum, Litecoin, and more.
Now lets get to the details, after funding your account you can now then buy or sell in the spot market. You can use the Limit order or market order
LIMIT ORDER - is a buy or sell order were you can choose your desired price, you cant buy a limit order higher than the market price otherwise its a market buy order, and you cant sell limit order if its lower than the market price otherwise its a market sell order.
MARKET ORDER - is a buy or sell order according to the market price, you can't put price in the market order you can only put the amount you desire, the price is base on the market.
So that is how simple when you buy or sell a coin and next stop we'll discuss about crypto contract trading, what's its function and how we can take advantage on its feature be sure to check it out!
Try Demo Account it helps you to start trading quickly. A demo mode is available, which will help you in getting accustomed to the platform.
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