Digital asset trading is not complicated | Master the three key points of spot trading to get started quickly

In the cryptocurrency market, the most common asset trading pattern is to first purchase stablecoin USDT (USDT is pegged to the US dollar, in theory 1 USDT equals 1 USD) with fiat currency, and then use USDT as the counterparty to exchange for digital assets such as Bitcoin. This method of buying one cryptocurrency with another is widely referred to in the industry as “coin-to-coin trading” or “spot trading”.

Essential for Beginners: Complete Process of Coin-to-Coin Trading

What specific steps are involved in successfully executing digital asset trades? This guide will use the practical example of purchasing Bitcoin (BTC) with stablecoin USDT to explain in detail the entire trading process and operational tips.

Step 1: Fund Preparation and Account Transfer

After opening the trading platform app, first ensure that your account has sufficient virtual assets such as USDT. Then, go to the homepage of the trading platform, click on the “Trade” option at the bottom, and enter the spot trading area. On the trading page, select the trading pair by clicking the dropdown at the top, and search for your target coin, such as BTC, then choose the corresponding trading pair BTC/USDT. (If you are already on the trading page for that pair, you can skip this step.)

In the trading interface, click on the fund transfer feature, select USDT as the coin to transfer, input the transfer amount, and move funds from your wallet account to your trading account. This step ensures you have enough trading capital.

Step 2: Execute Buy Order and Set Up Orders

Once the funds have been successfully transferred to your trading account, go to the buy interface and choose the appropriate buying method. Generally, the standard approach is to use a limit order, which means setting your desired purchase price and amount or total, then confirming the buy of Bitcoin.

The advantage of a limit order is that you can precisely control your purchase cost and avoid adverse effects from market volatility. Before the order is filled, you can review the details of your order at any time, and decide whether to cancel based on market changes. This flexibility allows beginners to respond more calmly to market fluctuations.

Step 3: Track Orders and Manage Trading Records

After executing the trade, click the “All” button at the bottom of the trading page to view your current orders and historical order records. In the order details, you can clearly see each order’s submission time, trading pair, volume traded, and other detailed information. Regularly reviewing these records helps you evaluate the effectiveness of your trading strategy and track long-term investment performance.

Practical Tips for Coin-to-Coin Trading

Once you master these three key steps, you will have the ability to perform basic coin-to-coin trades. However, before starting actual operations, it is recommended to understand the characteristics of USDT—being a mainstream stablecoin, it offers relatively stable value anchoring. Additionally, Bitcoin, as the largest market cap crypto asset, has ample liquidity in its trading pairs, making it suitable for beginners to familiarize themselves with trading mechanisms.

It is advisable to start with smaller amounts for your initial trades and gradually accumulate trading experience. Moreover, regularly monitoring market trends and conducting technical analysis will help improve your trading decisions. Remember, the virtual currency market is highly volatile, so carefully assessing your risk tolerance is essential for long-term participation.