How to Spot Trade on the Hata App

Modified on Thu, 20 Jun at 3:22 PM

What is Spot Trading?

Spot trading is a method of buying and selling assets based on the current market price. On the Hata App, spot trading encompasses functions such as market and limit orders, allowing users to buy and sell cryptocurrencies for immediate delivery or at specified prices. While market orders in spot trading are executed instantly at the current market price, limit orders enable users to set the maximum price they are willing to pay or the minimum price they are willing to accept. These limit orders may not be filled immediately but will be executed when the market reaches the specified price. The Hata App offers a comprehensive spot trading experience with real-time price tracking, secure transaction processing, and flexible order types to suit different trading strategies. This ensures users can efficiently manage their portfolios and take advantage of market opportunities as they arise.

A step-by-step guide on: How to Spot Trade on the Hata App

1. To get started, you will need to download the Hata App from your Apple Store or Google Play Store. Next, you will be required to sign up and log in your Hata account. For a step-by-step guide to register for an account, you may refer to our article on 'How to Register for a Personal Account on Hata'.

Once you have logged into your Hata App, navigate to the Hata Exchange by selecting [Trade] on the bottom navigation bar. You will be redirected directly into the Spot trading interface.

2. To start trading, select [Buy] or [Sell]. In this example, we will be buying and using the trading pair, BTC/MYR.

Next, select the type of order you would like to perform. In this case, the limit order is used by selecting [Limit] in the drop down list. If you would like to place a market order or stop limit order, please select the correct function accordingly.

3. For a limit order, you are required to fill in some details before being able to perform your buy.

Input the price that you would like to buy BTC at in the [Price] column.
Adjust the amount of BTC you would like to acquire in the [Amount] column.
Alternatively, you may choose to input the total amount of fiat currency you would like to spend to purchase BTC in the [Total] column.

Once done, click on [Buy BTC] and your order will be placed.

4. You will be able to view your orders under [Open Orders]