> For the complete documentation index, see [llms.txt](https://czrex.gitbook.io/czrex-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://czrex.gitbook.io/czrex-docs/spot-trading.md). # Spot Trading Spot trading allows users to buy and sell supported digital assets at current or specified market prices. When a spot order is completed, the purchased asset is credited to the user’s Spot Account. CZR Exchange provides real-time market data, professional charts, multiple order types, and order-book access through its web and mobile trading interfaces. ### 1. Understanding Trading Pairs A trading pair represents two assets that can be exchanged with one another. For example, in the **BTC/USDT** trading pair: * **BTC** is the base asset. * **USDT** is the quote asset. * The displayed price represents how much USDT is required to purchase one BTC. Buying BTC/USDT means exchanging USDT for BTC. Selling BTC/USDT means exchanging BTC for USDT. ### 2. Accessing Spot Markets To open the CZR spot trading interface: 1. Sign in to your CZR account. 2. Select **Trade**. 3. Choose **Spot Trading**. 4. Search for the trading pair you want to trade. 5. Confirm that sufficient funds are available in your Spot Account. If your funds are held in another CZR account category, use the internal transfer function before placing an order. ### 3. Understanding the Order Book The order book displays open buy and sell orders for a trading pair. * **Bids:** Prices buyers are willing to pay. * **Asks:** Prices sellers are willing to accept. * **Best bid:** Highest currently available buy price. * **Best ask:** Lowest currently available sell price. * **Spread:** Difference between the best bid and best ask. * **Market depth:** Quantity available at different price levels. The last traded price does not guarantee that another order will execute at the same price. Actual execution depends on order type, liquidity, order size, and market movement. ### 4. Market Orders A market order attempts to execute immediately against the best available prices in the order book. To place a market order: 1. Select **Market**. 2. Choose **Buy** or **Sell**. 3. Enter the amount you want to trade. 4. Review the estimated total and fee. 5. Confirm the order. Market orders prioritize speed rather than a specific execution price. During volatile markets or when liquidity is limited, the final average execution price may differ from the displayed market price. ### 5. Limit Orders A limit order allows you to set the price at which you are willing to buy or sell an asset. To place a limit order: 1. Select **Limit**. 2. Enter your preferred order price. 3. Enter the amount you want to buy or sell. 4. Review the order value and estimated fee. 5. Confirm the order. A limit order may be fully filled, partially filled, or remain unfilled if the market does not reach the selected price. ### 6. Trigger and Conditional Orders A trigger or conditional order becomes active when the market reaches a selected trigger price. Depending on the order configuration, it may then submit a market or limit order. Conditional orders can help manage entries and exits, but they do not guarantee execution at the trigger price. Volatility, slippage, and insufficient liquidity may affect the final result. ### 7. Maker and Taker Orders Trading fees may depend on whether an order adds or removes liquidity from the order book. * A **maker order** adds liquidity by remaining open in the order book before execution. * A **taker order** removes liquidity by matching immediately with an existing order. Limit orders are not always maker orders. A limit order that immediately matches an existing order may be treated as a taker order. ### 8. Placing a Spot Order To place a spot trade: 1. Select a supported trading pair. 2. Choose an order type. 3. Enter the required price and quantity. 4. Review the estimated value and trading fee. 5. Select **Buy** or **Sell**. 6. Confirm the order. 7. Monitor its status under **Open Orders**. Once the order is completed, the resulting asset balance will appear in your Spot Account. ### 9. Order Status A spot order may display one of the following statuses: * **Open:** The order is active and waiting for execution. * **Partially Filled:** Part of the order has executed. * **Filled:** The full order has executed. * **Cancelled:** The order was cancelled before completion. * **Rejected:** The order could not be accepted. * **Expired:** The order was automatically removed under its conditions. Open orders may reserve part of your available balance until they are filled or cancelled. ### 10. Order and Trade History The **Order History** section shows orders previously placed on your account. The **Trade History** section shows individual executions. A single order may produce multiple trades if it is filled against several orders or price levels. ### 11. Trading Fees Spot trading fees may vary based on: * Maker or taker status * Trading volume * VIP level * Referral or affiliate benefits * Promotional discounts * Applicable $CZR token benefits The estimated fee is displayed before an order is confirmed. Refer to the official CZR fee schedule for current rates. ### 12. Managing Spot Trading Risk Digital asset markets can move rapidly and may experience limited liquidity. Users should consider: * Using limit orders when price control is important. * Reviewing order-book depth before placing large orders. * Dividing large trades into smaller orders where appropriate. * Avoiding trades in unfamiliar or unverified assets. * Monitoring deposits, withdrawals, and network availability. * Trading only with funds they can afford to lose. ### Spot Trading Risk Notice Spot assets may experience extreme volatility, reduced liquidity, network disruption, security incidents, regulatory changes, or delisting. Ownership of a digital asset does not guarantee future utility, liquidity, or value. Users are responsible for researching each asset and understanding the risks before trading.