How to conduct spot trading on OUYI?

OUYI's spot trading platform offers both Basic and Advanced trading modes, catering to both beginner and experienced traders with varying levels of trading sophistication.

Dec 25, 2024 at 06:07 pm

Key Points:

• Essential knowledge for conducting spot trading on OUYI
• Step-by-step instructions on registration, deposit, trading modes, and risk management
• Key considerations to maximize trading success

Step-by-Step Guide to Spot Trading on OUYI

1. Account Registration

• Visit the official website of OUYI and click "Register."
• Enter your email address, create a strong password, and agree to the terms and conditions.
• Verify your identity through email or phone authentication.

2. Account Deposit

• Log in to your OUYI account and navigate to the "Assets" page.
• Select "Deposit" and choose your preferred deposit method (cryptocurrency or fiat).
• Follow the on-screen instructions to complete the deposit process.

3. Choose Trading Mode

• OUYI offers two trading modes: Basic and Advanced.
• Basic Mode provides a simplified interface suitable for beginners.
• Advanced Mode provides more advanced trading tools and features for experienced traders.

4. Place Buy Order

• In Basic Mode, enter the coin symbol and the amount you wish to buy.
• Select "Market Order" to execute the trade immediately or "Limit Order" to specify a target price.
• Click "Buy" to complete the order.

5. Place Sell Order

• To sell a coin you own, navigate to the "Assets" page and choose "Spot."
• Select the coin you wish to sell and the amount.
• Choose "Market Order" or "Limit Order" and click "Sell."

6. Track Open Orders and Trade History

• Monitor your active orders through the "Open Orders" tab.
• View your trade history and performance under the "Trade" section.

7. Manage Risk

• Set stop-loss orders to limit potential losses.
• Use take-profit orders to lock in gains.
• Conduct thorough research and due diligence before making trades.

FAQ

1. Is OUYI secure for spot trading?

Yes, OUYI implements robust security measures to protect user accounts and funds, including SSL encryption, two-factor authentication, and cold storage for crypto assets.

2. What fees are associated with spot trading on OUYI?

OUYI charges a maker fee of 0.1% and a taker fee of 0.2%. A tiered fee structure applies based on trading volume.

3. What is the minimum deposit amount on OUYI?

The minimum deposit amount varies depending on the deposit method and the cryptocurrency being deposited.

4. Can I withdraw my funds at any time?

Yes, OUYI allows withdrawals 24/7 after a 24-hour security review.

5. Is customer support available?

OUYI provides 24/7 customer support via live chat, email, and social media.