Spot trading is an exciting way to trade cryptocurrencies and digital assets directly on the Coins.ph platform. It allows you to buy and sell cryptocurrencies quickly and efficiently.
Getting Started with Spot Trading
Before you can start trading, your Coins.ph account must be:
- Identity Verified: Ensure your account is ID and selfie verified. If you haven’t completed this step yet, refer to our guide on how to get your account ID and selfie verified.
Once your account is verified, follow these steps to begin spot trading.
Steps for Spot Trading on Coins.ph
1. Access the Trade Tab
Open the Coins app, and click on the Trade tab located at the bottom of the screen.
2. Navigate to Spot Trade
You will be redirected to the Spot Trade page, where you can trade various PHP and cryptocurrency pairs.
3. Select Your Trading Pair
Choose your preferred trading pair from the options available at the top of the screen.
4. Choose Buy/Sell:
- Click on the Buy or Sell button.
- Select your preferred order type (Limit Order, Market Order, or Stop-Limit Order).
Understanding Order Types
When trading on Coins.ph, you can choose from several order types:
- Limit Order: Set a specific price at which you want to buy or sell a cryptocurrency.
- Market Order: Buy or sell immediately at the current market price.
- Stop-Limit Order: Set a trigger price that converts into a limit order once reached.
For more detailed information about each order type, visit our comprehensive trading guide.
Frequently Asked Questions
What trading pairs are available?
Coins.ph offers various PHP and cryptocurrency trading pairs.
Are there any trading fees?
Trading fees vary. Check our article here on how trading fees are calculated.
How quickly can I execute a trade?
Market orders are executed almost instantly. Limit and stop-limit orders depend on market conditions.