1. What is cryptocurrency spot trading?
Cryptocurrency spot trading refers to the exchange of one cryptocurrency for another between buyers and sellers based on the current market price. For instance, in the BTC/USDT trading pair, the trading price represents the amount of USDT required to purchase 1 BTC or the amount of USDT obtained by selling 1 BTC.
2. What is the difference between spot trading and futures trading?
There are significant differences between cryptocurrency spot trading and futures trading. In spot trading, traders must possess the target asset and conduct trades at the current market price. In KCEX futures trading, the two parties do not directly exchange actual assets. Instead, they buy long or sell short based on the prediction of the asset price movement trend to gain profits from price increases/decreases. In futures trading, users can leverage their capital, but traders are required to provide a certain amount of assets as margin.
3. What are the spot trading fees on KCEX?
Currently, KCEX has announced "Lowest Fees in the Market: the KCEX Launches Zero Trading Fee Event for Spot Trading", there are no trading fees for spot trading.
4. What are Takers and Makers?
Traders place orders in the order book with predefined quantities and prices, enhancing market depth. This role is known as Maker. When an order is immediately matched with existing orders in the order book, it results in a Taker, leading to a reduction in market depth.
We hope these answers help you better understand cryptocurrency trading. If you need more information about fees or platform functionalities, please feel free to contact our customer support team.
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Enjoy trading on KCEX,
The KCEX Team