McnEx Spot Trading FAQ
1. What is Cryptocurrency Spot Trading?
Cryptocurrency spot trading refers to the buying and selling of cryptocurrencies between two parties at the current market price.
�� Example: In the BTC/USDT trading pair, the price indicates the amount of USDT required to purchase 1 BTC or received from selling 1 BTC.
2. What is the Difference Between Spot Trading and Contract Trading?
Item Spot Trading Contract Trading
Asset Holding Hold actual cryptocurrencies No asset ownership; only price speculation
Profit Method Buy low and sell high to gain from price appreciation Two-way trading (Long / Short)
Settlement Method Instant settlement Future settlement with leverage and positions
3. What Are the Spot Trading Fees?
• Maker Fee: 0.2%
• Taker Fee: 0.2%
�� For details, refer to: Spot Trading Fee Rules
4. What are Maker and Taker?
• Maker: Place an order with a custom price and quantity, waiting to be matched.
• Taker: Complete an immediate transaction at the existing market price.
5. How to Transfer Funds to the Spot Account?
• Web: Assets → Transfer → Select Funding/Contract Account → Transfer to Spot Account
• App: Assets → Transfer → Transfer to Main Account - Spot → Select token and amount → Confirm Transfer
6. Order Types: Market Order vs Limit Order
✅ Limit Order
Execute at your custom price with slower speed but precise price control.
Suitable for users with clear price expectations.
✅ Market Order
Instant execution with fast speed.
Subject to price fluctuation risks, ideal for quick market entry.
7. Why Cannot I Set the Quantity for a Market Buy Order?
Market orders rely on available funds. You only need to enter the investment amount (e.g., 100 USDT), and the system will automatically purchase the corresponding quantity at the best real-time price.
8. Are There Restrictions on Spot Trading?
✅ McnEx adopts trading protection rules:
Market orders are only matched with the top 10 best price tiers.
Orders beyond the execution range will be automatically rejected.
9. What is the Maximum Number of Open Orders?
• Limit Orders: Up to 200 (viewable in Limit Order Records)
• Conditional Orders: Up to 20 (viewable on the Positions page)
10. Are There Minimum and Maximum Trading Limits?
Yes. Please check the official announcement: Spot Minimum Order Quantity and Trading Limits
11. How to Check Order History?
Spot Trading Page → All → Select Limit Order / Market Order → Order History
12. What is the Difference Between Order History and Transaction Records?
• Order History: Includes filled, canceled and pending orders.
• Transaction Records: Only display fully executed orders and detailed data.
13. Can Spot Assets Be Used as Cross Margin for Contract Accounts?
❌ No.
Spot account and contract account assets are independently managed and cannot be shared or cross-used.
14. Why Was My ETH Limit Buy Order Filled at 2600 USDT Instead of My Set Price of 2800 USDT?
A limit buy order sets the maximum acceptable purchase price. If the market price is lower than your limit price (e.g. 2600 < 2800), the system will automatically complete the transaction at the better market price.