After releasing the Beta version and gathering valuable feedback from the community, ONUS finalized the product and officially launched the ONUS Spot trading platform at 08:00 AM UTC on November 26, 2024.
With ONUS Spot, users can buy and sell cryptocurrencies directly on the app through the order book mechanism. The platform will continuously list new Spot trading pairs, offering users more trading opportunities.
Please update your ONUS app to latest version to access ONUS Spot.
1. What is ONUS Spot?
ONUS Spot is a spot trading platform that allows users to buy and sell digital assets via the Orderbook mechanism, supporting two order types: Market Orders and Limit Orders.
Orderbook Mechanism
The order-matching system on ONUS Spot is built to match the standards of leading global exchanges:
- When you place a buy or sell order, it is added to the orderbook and matched with opposite orders to complete the transaction.
- The Orderbook is publicly displayed, ensuring transparency and high liquidity.
Two order types are available on ONUS Spot:
- Market Orders: Executed immediately at the current market price at the time of order placement.
- Limit Orders: Executed only when the market price reaches the target price you set.
2. Trading Fees
- 0.1% for taker orders (Market Orders).
- 0.1% for maker orders (Limit Orders).
3. How to trade Spot on ONUS
3.1. Accessing Spot trading
- Step 1: Open the ONUS app. Select the Trade option at the bottom right corner of the screen.
- Step 2: Choose the Spot tab.
3.2. Depositing into Spot Wallet
- Step 1:On the ONUS Spot screen, select the (+) icon.
- Step 2: Choose Deposit/Withdraw.
- Step 3: Select the asset you wish to deposit/withdraw, enter the amount, and click Confirm to complete the process.
3.3. Withdrawing from Spot Wallet
- Step 1: On the ONUS Spot screen, select Assets.
- Step 2: Choose Withdraw.
- Step 3: Select the asset you want to withdraw, enter the amount, and click Confirm to complete the process.
3.3. Market Orders
With a Market Order, the transaction is executed instantly at the current market price.
- Step 1: Select a trading pair, e.g: BTC/VNDC.
- Step 2: Choose to Buy or Sell.
- Step 3: Select Market Order and enter the desired amount.
- Step 4: Review the information and click Place Order.
You can check your assets after the order is successfully executed in the Assets section.
3.4. Limit Orders
With a Limit Order, the transaction is executed when the market price reaches the price you set.
- Step 1: Select a trading pair, e.g: BTC/VNDC.
- Step 2: Choose to Buy or Sell.
- Step 3: Select Limit Order, and enter the desired amount and price.
- Step 4: Review the information and click Place Order.
Your order will be executed once the market reaches your set price. It will remain in the Active orders list if it hasn’t been matched.
3.5. Checking your trading history on ONUS Spot
- Step 1: On the main screen, select the history icon.
- Step 2: Review your trading history (orders history, trades history, and balance changes) on ONUS Spot.
- Step 3: Use the calendar icon to search for trading history within a specific time frame.
