How to Trade Digital Assets

At present, the usual way of trading digital assets is to purchase the stable currency USDT with legal currency (USDT is anchored to the US dollar, theoretically 1 USDT = 1 US dollar), and then use USDT as the base currency to trade digital assets such as Bitcoin. The method of buying one coin into another coin is called “coin-to-coin trading” or “spot trading”.

So how to conduct digital asset trading and what are the specific steps? This article will use the stable currency USDT to purchase Bitcoin BTC as an example to show you the process of digital asset transactions on Hibt and the convenience of transaction operations.

Step 1: Open the Hibt APP (you can directly search for Hibt in the store to download), and obtain base currencies such as USDT by directly recharging through the [Deposit/Buy Coins] on the homepage. Click the [Transfer] button on the [Assets] page, select the currency USDT to be transferred, enter the transfer amount, and transfer it to the trading account.

Step 2: Click [Spot] at the bottom of the homepage to enter the transaction page. Click on the trading pair at the top of the page, enter the currency BTC you want to buy in the search box, select the currency, and click on the corresponding currency pair, such as [BTC/USDT]. (If you are already on the current currency pair trading page, you can ignore this step)

Step 3: After entering the currency pair trading page, on the [Buy] interface, select the buying method, enter the buying price, quantity/amount, and click [Buy]. The buying method is usually a limit order, which allows you to set the ideal price for purchase. When the order is successfully placed but has not been completed, you can see the order information and cancel the order at any time.

Step 4: Click all the buttons at the bottom of the page to see your current orders and historical orders. In the order form, you can see detailed information such as the order time, currency pair and trading volume, and stop-profit and stop-loss settings.

In addition to currency trading, Hibt also provides margin trading, contract trading, and other business line products.