1. How to Place Orders?
Step 1: Go to [https://venkate.io, log in to your account, click on "Trade" at the top left corner, then select "Spot Trading."
Step 2: Using "Spot Standard Version" as an example, select the currency pair you wish to trade, such as "BTC/USDT," or use the search function to find it.
Step 3: Choose between "Limit Order" or "Market Order":
-
Limit Order: Allows you to set your own buy or sell price. When the market price reaches your set price, the order will be executed.
- Select "Limit Order," input "Price" and "Quantity," click "Buy" or "Sell" to place your order.
- Select "Limit Order," input "Price" and "Total," click "Buy" or "Sell" to place your order.
-
Market Order: No need to input a buy or sell price; it will execute at the best available market price.
- Select "Market Order," input "Amount" or "Quantity," click "Buy" or "Sell" to place your order.
- Market orders execute immediately at the current best market price to ensure quick execution. Note: Large market orders may result in partial executions and cancellations. Market orders do not consider costs and involve inherent risks. Please place orders carefully and be aware of risks.
2. What is a Maker? What is a Taker?
Maker: Placing an order where the buy price is lower than the lowest sell price or the sell price is higher than the highest buy price in the market depth, these orders do not immediately execute, thereby adding market depth.
Taker: Placing an order where the buy price is equal to or higher than the lowest sell price, or the sell price is equal to or lower than the highest buy price in the market depth, these orders execute immediately, thereby reducing market depth.
In summary, in a transaction, the maker is the party placing the order first at a given price, and the taker is the party placing the order later at that price, resulting in a match and execution.
3. How are Fees Charged?
Whether you are a maker or a taker, a fee of 0.2% of the transaction amount is charged for each trade in spot trading.
Comments
0 comments
Article is closed for comments.