In the previous lessons, we learned about trading venues and the different types of spot trading. Next, we will explain how to do spot trading on Bitunix as an example.
Register a Bitunix Account
To start, you can go to Bitunix website, or download the mobile app on iPhone or Android from the app stores. Simply follow the instructions by entering your email address, phone number and password. Complete the verification with the code sent to your email or phone number.
Deposit into Your Account
After registration,you can now deposit your digital assets into your account. Bitunix support several different networks, such as Omni, Tron, Ethereum, Solana, BSC and more. Click "Deposit" under "Assets" on the top right of the page. On the withdrawal page of other exchanges or your wallet, enter the address shown, or scan the QR code to complete the deposit of digital assets. When you are deposting, please make sure the cryptos name, transfer network and deposit address are correct.
Start Spot Trading
After your account registration and a successful deposit, it's time to start your trading journey. Simply click "Trade" on top of the Bitunix website, or at the bottom of your mobile app, then you will enter a spot trading page like this:
On the left of the page, you can search for any cryptos such as APE, MATIC, RDNT, ID, and more if they are listed. Then, enter the price and the amount of the crypto you are going to buy, and click "Buy" at the bottom. Your order will be placed and found in the orderbook on the right of the screen if it's not filled immediately. Once the order is filled, you will be able to see your balance changes. Selling your cryptos is similar to buying: enter the price and the amount you are willing to sell, and then click "Sell" to place your order.
Disclaimer
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Crypto investment involves significant risks. Please proceed with caution. The course shall not be considered investment or financial advice.