Definition of Spot Trading
Spot trading refers to crypto-to-crypto trading, using one cryptocurrency to buy another. The trading rule is to complete the matchmaking according to the price priority and time priority order, settling exchanges between crypto assets. For example, BTC/USDT refers to the exchange between USDT and BTC.
Limit order: Users set the buying and selling prices. Only when the market price matches the set price, the order will be filled. If the market price does not match the set price, limit orders will keep waiting.
Note: When the set buying price is higher than the market price, the limit order will be settled at the market's best available price. When the set selling price is lower than the market price, the limit order will be settled at the market's best available price.
Market order: A market order is an order that will be filled at the best available market price immediately.
Advanced Options
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Iceberg order: Iceberg orders can hide the real order amount and only show the entered visible amount on the public order book. Note: The hidden portion of iceberg orders will be filled first. The trading fee for this portion is 0.2% and the trading fee for the visible amount is the normal trading fee. If the filled amount consists of both the hidden and the visible, the trading fee will be charged at 0.2%.
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IOC (Immediate Or Cancel): The order will try to fill all or part of the order amount immediately at the price and amount available, the unfilled part will be cancelled.
The Trading Page
① Quick preview of trading pairs
② 24-hour trading summary of the selected pair
③ Candlestick chart and depth display area
④ Order Book
⑤ Latest Trades
⑥ Selling Orders (Asks)
⑦ Buying Orders (Bids)
⑧ From left to right: Lending Info, User Guide, Price Alerts
⑨ Layout Settings
⑩ From left to right: Spot Trading, Cross Margin, Isolated Margin, Futures Trading
⑪ Trading Bots
⑫ Placing Order Section
⑬ Conditional Orders Section: includes [Limit], [Market], [Take Profit/Stop Loss], [Strategy Orders] such as [Iceberg Order], [TWAP], [Loop Order], [Trailing Order]
⑭ Big Data, Announcements, Global Markets, Chatroom
⑮ Markets Section (Trading Pairs List)
⑯ Orders Section: includes [Open Orders], [Order History], [Trade History], [Bots] — view detailed order information
⑰ Assets
⑱ Connection Status Indicator
⑲ Conditional Orders: [Limit], [Market], [Stop-Limit], [Take Profit/Stop Loss], [Iceberg], [TWAP], [Loop Order], [Trailing Order]
Trading Rules
To protect traders' interests, Gate has implemented price limits for spot trading (including margin trading).
Before the first order of a newly listed coin is executed, there are no restrictions on limit orders. After the first order is executed, if a buy (or sell) limit order is placed at a price higher (or lower) than the applicable price limit, the order will be canceled.
Price Limit Mechanics:
- Buy limit: Order Price ≤ Average Fill Price of the Past 2 Minutes × (1 + x%)
- Sell limit: Order Price ≥ Average Fill Price of the Past 2 Minutes × (1 - x%)
For the price limit ratios applicable to each trading pair, please refer to: Trading Rules.
The above parameters may be adjusted by the platform at its discretion based on market conditions and will not be announced separately.
