1. What is the transaction fees for ApolloX CEX platform?
Maker fee: 0.1%; Taker fee: 0.1%
2. What is the spot trading of digital currency?
A spot trade is a simple transaction between a buyer and a seller to trade at the current market rate, known as the spot price.
Take BTC/USDT as an example, you could buy/sell one BTC token at the spot price to pay/obtain relevant USDT tokens.
3. What’s the difference between spot trading and futures trading?
When traders place orders in the spot market, traders need to hold the tokens of the underlying assets, which is different from futures trading. When traders place orders, they need to purchase the digital currency( eg. BTC) and hope it will rise in value, or purchase more tokens and wait for their value to increase.
Under the futures market, traders do not own the underlying assets when you purchase a future contract, they need to trade based on their predictions. Traders can go long when bullish and short when bearish.
All futures transactions are based on future contracts, trades do not need to buy or purchase any underlying asset.
4. What are maker and taker?
Traders place orders with a predetermined quantity and price into the order book. The order will be added to the order book and wait to be filled. These trades from the order will be maker trades, these orders add volume to the order book, helping to provide liquidity to the market.
When you place an order that trades immediately before going on the order book, you are a taker. It will take up the liquidity.
5. What’s the difference between a market order and a limit order?
The market order will be filled at the current best available price.
Traders place a limit order with the highest or lowest price for the order to be completed, for either buying or selling.
A market order will be filled at the current best available buying or selling price which will be filled with the existing limit orders in the order book. This means that the filled price of the market order depends on the liquidity. As the market order is different from the limit orders in the order book, it will be filled immediately with the current best price. This is known as taker trade.
Attention: When the market is volatile, the market orders could not be executed sometimes. The market orders bring more opportunities for entering or exiting a market immediately, but the filled price could not be guaranteed.