With your knowledge of the different order types, it’s time to trade via Spot Trade!
You can watch our quick tutorial video or refer to the step-by-step instructions below:
1. Select your preferred trading pair located on the left side of the screen.
2. Choose your preferred order type.
3. Enter your Buy or Sell amount.
- For Limit and Stop orders, you will be asked to input additional information.
4. Click Buy or Sell.
Trade Order Types
In addition to this, please know that we also have different order types which you may utilize during your trades:
Limit Order
- Place on the order book with a specific limit price
- Executed only if the market price reaches your limit price (or better)
Market Order
- Immediately buy or sell at the best available price
Stop-Limit Order
-
Combines two elements:
- Stop Price: Triggers the order execution
- Limit Price: Final amount at which your order will be executed
Stop-Market Order
-
Combines two elements:
- Stop Price: Triggers the order execution
- Market/Limit Price: Final amount at which your order will be executed
Spot Trade On the Coins app
You may also access the Spot Trading feature through your Coins.ph app! Click the Trade button to proceed to the Spot Trade tab.
Once done, you will be redirected to Coins' exchange platform. Here you can spot trade various PHP and crypto pairs.
1. Select your preferred trading pair located on the top of the screen.
2. Click the [Buy/Sell] button first. Then choose your preferred order type.
3. Enter your buy/sell amount. For limit and stop orders, you will be asked to input additional information. Then click [Buy/Sell] button.
Reminders
Large Orders:
May be executed against multiple price levels until filled, potentially resulting in unintended or significant costs.
Risk Warning:
Holding digital currency is high-risk.
- Prices can change rapidly, decrease, or potentially fall to zero
- May cause large losses
- Consider your financial circumstances carefully before purchasing or holding digital currency
Frequently Asked Questions
Are there minimum trading amounts?
Coins.ph has minimum transaction requirements, which vary by cryptocurrency pair. Check our article here for the implemented trading limits and rules.
Can I trade multiple cryptocurrency pairs?
Yes, Coins.ph offers various PHP and crypto trading pairs. Refer here for the available Spot Trade pairs.
What fees are associated with spot trading?
Trading fees vary, learn more on how trading fees are calculated here.