How to Trade Crypto in Hotbit

How to Trade Crypto in Hotbit


How to Trade【PC】

Click “Exchange” and enter the trading interface.
How to Trade Crypto in Hotbit
Search for the currency you want to trade, take ETH for example ➞ Search for ETH and select it ➞ ETH related pairs will be displayed on the right ➞ Just select the pair you want to trade.
How to Trade Crypto in Hotbit
Some of the current trading pairs are Limit Orders, Market Orders and Trigger Orders, so users can choose according to their needs.

Take Limit order as an example ➞ Enter the price ➞ Enter the number ➞ Choose whether to set the order as a hidden order (hidden orders will not be displayed in the order book) ➞ Click Buy to put the order successfully.
How to Trade Crypto in Hotbit
➞ After a successful put a order, you can view the completion level of the current order in Open Orders, or you can choose to cancel the transaction by clicking the "Cancel" button.
How to Trade Crypto in Hotbit
➞After the order is completed, you can view the corresponding history of orders in the upper right corner of the "Orders", users can also find the corresponding orders according to the time and transaction pair ➞ Click "Export" to generate the corresponding orders on this page Excel (History can only be viewed in the last month, if you have special needs, you can contact customer service for help by submitting a support ticket.
How to Trade Crypto in Hotbit
How to Trade Crypto in Hotbit

How to Trade【APP】

Click "Market", the top is : favorites, Global Select, Global, Growing, ETF trading pairs. Among them, The user can swipe the page left and right to select the corresponding trading pair interface, or search and enter the desired trading currency in the top right corner.
How to Trade Crypto in Hotbit How to Trade Crypto in Hotbit
Select the token you would like to trade, we take BTC/USDT as an example. Click to buy or sell under the trading pair according to your demands.
How to Trade Crypto in Hotbit
Fill in the buy/sell price, quantity, and total amount, and click buy/sell.

You can also turn on the hidden order according to your own needs. Introduction of hidden order function?
How to Trade Crypto in Hotbit How to Trade Crypto in Hotbit
After the pending order is successful, you could also view the open order under the Trade page. Click More to view more order history. If the progress is not 100% completed, you could click the "Cancel" button to suspend the order.
How to Trade Crypto in Hotbit How to Trade Crypto in Hotbit

How to purchase investment products

Login ➞ Click the [investment] button at the bottom ➞ Enter into investment center.
How to Trade Crypto in Hotbit
➞ You can use the search function on the right 🔍 to select the investment products you would like to purchase.
How to Trade Crypto in Hotbit
➞ Choose suitable products according to your own needs ➞ Take USDT T+1 Flexible as an example ➞ click USDT T+1 Flexible product ➞ Confirm the introduction, interest calculation method and redemption method ➞ Enter the amount you would like to purchase(If there are insufficient assets in the investment account, you can transfer funds from the spot account into it.)➞ Click the [Purchase Now] button.
How to Trade Crypto in Hotbit
➞ Complete the purchase.
How to Trade Crypto in Hotbit
➞ Click the [investment] button at the bottom.
How to Trade Crypto in Hotbit
➞ Click the [Assets] button(The products assets successfully purchased are all displayed on this interface) ➞ Click the [investing records] button to check the products orders successfully purchased ➞ Check Status: If the status shows “waiting for the Start of interest Calculation” , the redemption button will not be shown; If the status shows “Income Generating” , the redemption button will be shown later;

Note:Please be sure to confirm the products interest calculation time when subscribing. If you need to test the investment product, it is recommended to click redemption button the next day after the interest calculation starts, so that you can get the capital + one days interest after the redemption is successful, because the no interest will be calculated during the redemption period.
How to Trade Crypto in Hotbit
How to Trade Crypto in Hotbit
How to Trade Crypto in Hotbit
If you encounter other issues, please contact us by submitting the support ticket.

Frequently Asked Questions (FAQ)


Market Order Function Introduction

Market order is an order to buy or sell immediately at the best available price. It is entered with order size only.

In order to ensure the trading experience, market buy orders have minimum and maximum total limits, and market sell orders have minimum and maximum amount limits.
How to Trade Crypto in Hotbit
How to Trade Crypto in Hotbit
The traded market order can be viewed in the ordinary tab under the 24H order history.
How to Trade Crypto in Hotbit
*Please note that your market order will turn into a limit order under certain circumstances

When the transaction total you entrust in the market buy order is less than the maximum transaction total (or the commissioned amount in the market sell order is less than the maximum amount), and the corresponding pending order in the order book cannot make your market order complete, a part of your market order will be filled at the best price first, until there is no tradeable order in the order book, the remaining unfilled part of your market order will be automatically converted to a limit order and the order price is the price of the last lot when the market price is matched.
Incomplete market orders can be viewed in the ordinary tab under the open orders
How to Trade Crypto in Hotbit


Trigger Order Function Introduction

Trigger Order means that when the latest market transaction price reaches the trigger conditions, the system will place orders according to the pre-set price and quantity set in advance.

Terms description:

Trigger price: When the latest transaction price reaches the set trigger price, the order will be triggered to be placed.

Price: Namely the buying price and the selling price. When the latest price reaches the trigger price, the system automatically orders the order price.

Volume: it means the “order volume” after the Trigger Order is triggered.

Please note that
1.The assets corresponding to the order will not be blocked before the Trigger Order is conducted. After the Trigger Order is conducted (when placing an order to buy or sell according to the pre-set price and volume), the assets corresponding to the order will be blocked.

2. After the trigger order is triggered, it will become a limit order for trading.

3. The Trigger Order may not necessarily be triggered. Affected by factors such as price restrictions, account balances, trading pair delisting, network abnormalities or system upgrades, the Trigger Order may fail to be triggered.

4. The transaction may not necessarily be completed after the Trigger Order is triggered. Affected by market conditions, when the market fluctuates greatly and the price rises or falls sharply, the limit order or market order after the Trigger Order is triggered may not necessarily be traded.

Your untriggered planned orders can be viewed under "Trigger Order", before triggering, you can choose to cancel orders at any time
How to Trade Crypto in Hotbit
The trigger orders that have been triggered, cancelled, and failed can be viewed in the "Trigger Order" under "24H Order History"
How to Trade Crypto in Hotbit
Trigger orders that have been triggered and not fully completed can be viewed in the "Trigger Order" tab under "Open Orders"
How to Trade Crypto in Hotbit
The trigger order that is triggered and fully completed can be viewed in "Ordinary" under "24H Order History"
How to Trade Crypto in Hotbit


What are taker and maker?

1. Taker:

When you place an order that trades immediately, by filling partially or fully, before going on the order book, those trades will be "taker" trades.

Trades from Market orders are always Takers, as Market orders can never go on the order book. These trades are "taking" volume off of the order book, and therefore called the "taker."

2. Maker:

When you place an order that goes on the order book partially or fully (such as a limit order placed via the trading screen on www.hotbit.io ), any subsequent trades coming from that order will be as a “maker.”

These orders add volume to the order book, helping to "make the market," and are therefore termed the "maker" for any subsequent trades.

What is Hide Orders?

By choosing to hide their orders, users will be able to ensure that the order(s) they place will neither be displayed in the orderbook nor affect other traders. The major advantages of this function include:

1. providing our users with more abundant trading strategies to ease our users concerns regarding the fact that in case any large order(s) is (are) placed, the market trend of the token(s) involved on the orderbook will be affected accordingly as well, especially for those tokens with less liquidity.

For example:

1.1 Suppose user A intends to place an order and sell out a certain type of token in large quantity within a short period of time, such action will thus form a selling pressure on all sell orders on orderbook.
1.2 Suppose user B intends to place an order and buy in a certain type of token in large quantity within a short period of time, such action will thus cause a dramatic increase in all buy orders on the orderbook.


2. Improving the experience of takers by providing taker orders with the opportunity to close the deal with a better price than the price listed on orderbook.

For example:

2.1 Suppose user A intends to buy in a certain type of token within a short period of time, by placing his/her order with the price of market order, user A’s order will be matched, settled and closed with the hidden order listed ahead of the “buy 1” order listed on orderbook in a better price.
2.2 Suppose user B intends to sell out a certain type of token within a short period of time, by placing his/her order with the price of market order, user B’s order will be matched, settled and closed with the hidden order listed ahead of the “sell 1” order listed on orderbook in a better price.


How to check the historical records of transcation?

The first step: Login your Hotbit account and click the button of "orders".
How to Trade Crypto in Hotbit
The second step: It comes to the page of "trade history", and there are three options of "date" "pair" and "type".
How to Trade Crypto in Hotbit
1) Search it by "date": input the starting time and finishing time. As it is shown in the picture, we select the orders from August 1st, 2018 to April 15th, 2020.
How to Trade Crypto in Hotbit
2) Search it by "pair". As it is shown in the picture, we select HTB/ETH trading pair.
How to Trade Crypto in Hotbit
3) Search it by "type" you can choose "All" "Buy" and "Sell". As it is shown in the picture, we choose "Buy"
How to Trade Crypto in Hotbit
The third step: Click the button of "search", you will see clearly all the BUY orders of HTB/ETH during the period of time.
How to Trade Crypto in Hotbit
You could also click the button of "export" to download the excel.
How to Trade Crypto in Hotbit
If you still feel confused after checking your orders, please send us a support ticket.
 

What is Margin?

Margin is a good-faith deposit, or an amount of capital one needs to post or deposit to hold position.

There are 2 margin modes available in Hotbit: Cross Margin Mode and Fixed Margin Mode. For Cross Margin Mode, the Position Margin required varies with the price movements. For Fixed Margin mode, the Position Margin remains the same even the price fluctuates.

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