8. Spot Trading
8.1 Spot Trading
Spot trading refers to the buying and selling of cryptocurrencies at their current market prices, allowing traders to gain direct ownership of assets.
Explore our guide to spot trading and learn more about Crypto Spot Trading vs. Other Trading Types:
8.2 Spot Trading Fees
Starting August 4, Flipster will charge a trading fee on all spot trading transactions. This fee is automatically deducted at the time of the trade and is based on the taker fee model.
For basic users (non-VIP), a trading fee of 0.05% applies to all spot trades. Flipster also offers reduced trading fees for users based on their VIP Tier status; the higher your VIP Tier, the lower the trading fee.
8.3 Order Types
Flipster currently supports three order types: Market Order, Trigger Order, and Recurring Buy. Execute trades instantly at the best available market price.
Learn more about order types in spot trading:
8.4 Cryptocurrency
Spot trading operates on trading pairs like BTC/USDT. With the BTC/USDT pair, BTC is the base asset and USDT is the quote asset, which means USDT is needed to buy BTC.
Learn more about the supported trading pairs on Flipster:
8.5 Recurring Buy
Automate crypto purchases at regular intervals to grow your portfolio over time, while reducing the risks associated with market timing and volatility.
Start automating your investments and learn more about how to set up a recurring buy: