Trading Spot on Huobi: A Step-by-Step Guide

1. Sign in to your Huobi account, and from the main page, select “Trade” at the bottom, followed by “Spot.”

click Trade on the bottom of the main page, and click Spot

2. In vertical view, the Spot trading page is comprised of 9 sections:

2. The Spot trading page (in vertical view) contains the following 9 components

(1) Types of trading

(2) Trading pairs, 24-hour price changes for spot and margin trading, etc.

(3) Purchasing/Selling virtual assets

(4) Types of orders: Limit order, market order, TP/SL order, and trigger order

(5) Quantity and price of orders

(6) Order book for selling

(7) Order book for buying

(8) Information on available funds and orders

(9) Real-time chart

Make a spot trade on Huobi app

3. Conducting a spot trade using the Huobi app

For example, to place a limit order, choose a trading pair in Section ② (e.g., BTC/USDT). Refer to the ask and bid prices in Sections ⑥ and ⑦, and input the order price and quantity in Section ⑤. Click “Buy BTC” to finalize the limit order, ensuring that you have sufficient funds in your account. (These steps can also be followed to sell virtual assets.)

To quickly complete an order, choose “Market Order” and enter the order quantity. Your order will be executed at the most favorable market price.

place the order at market price by clicking Market Order and enter an order amount

After trading, you can review your funds and order status in Section ⑧.

After trading, you can check your funds and order status in Area ⑧.

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Spot Transactions vs. Contract Trading: What’s the Difference?

Huobi’s Contract Trading 101 is a beginner’s guide to understanding contract trading, part of the companion series to Blockchain 101. Contract trading serves as a practical tool for hedging, arbitrage, and speculation.

The primary distinctions between spot transactions and contract trading are as follows:

Different underlying assets:

Spot transactions involve the direct trading of a commodity, including physical items and samples. Most everyday transactions fall into this category.

In contrast, contract trading deals with standardized contracts, which contain specific information such as the designated trading category, time, price, and quantity.

Different scopes of objects:

Spot transactions cover all current commodities, while contract trading primarily focuses on physical commodities (e.g., agricultural products, energy resources, and metals) and select financial products (e.g., stocks and bonds).

Different trading rules:

Regardless of the trading duration, spot transactions settle the price once or multiple times immediately upon receiving the commodity.

On the other hand, contract trading involves future delivery, differentiating it from spot transactions.

Different trading objectives:

The primary goal of spot transactions is to transfer ownership of a commodity between two parties.

In addition to delivering physical commodities, contract trading can also transfer the uncertain risks associated with price fluctuations in the spot market or profit from price fluctuations in the contract market.

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