1. What are the minimum and maximum limits for spot trading?
In BitTap’s spot trading, the platform sets minimum and maximum trading limits for each trading pair to ensure smooth execution of trades.
· Minimum Trading Limit: Each trading pair has a minimum trading amount requirement. For example, the minimum trading limit for certain pairs may be 10 USDT. If the order submitted is below this limit, it cannot be executed.
· Maximum Trading Limit: The maximum trading limit for each trading pair varies depending on market liquidity. For example, for some trading pairs, the maximum amount you can trade in a single transaction may be 500,000 USDT.
2. What are the submission ranges for limit orders?
Limit orders require users to set a buy or sell limit price, and the order will only be executed when the market price reaches or surpasses the set price. To ensure fair trading and market stability, BitTap imposes the following restrictions on limit orders:
· For standard trading pairs, limit orders must be submitted within a range of 20%-500% of the market price.
· For stablecoin trading pairs, limit orders must be submitted within a range of 80%-120% of the market price.
3. What are the rules for market orders?
Market orders are executed immediately at the current market price. However, since market orders directly impact liquidity, BitTap has placed restrictions on the maximum volume for market orders:
· Market orders will be filled at the best available price, but may only be partially filled due to insufficient market liquidity.
4. What is the daily withdrawal limit?
BitTap sets daily withdrawal limits based on the user’s verification level:
· KYC Level 1 users have a lower daily withdrawal limit, typically 50,000 USDT.
· KYC Level 2 (Advanced Verification) users can enjoy a higher daily withdrawal limit of up to 500,000 USDT. To increase your withdrawal limit, it is recommended that you complete a higher level of account verification.
5. What are BitTap’s trading fees?
BitTap’s trading fees vary based on the user’s trading volume and VIP level:
· Standard users typically pay a 0.10% fee for spot trading.
· VIP users enjoy lower fees, with higher VIP levels offering lower rates, potentially as low as 0.02%. Additionally, Maker (limit order) fees are generally lower than Taker (market order) fees, as Makers provide liquidity to the market.
6. Are there any security verification requirements for accounts?
Yes, BitTap requires users to enable Two-Factor Authentication (2FA) to ensure account security. 2FA helps prevent unauthorized access and strengthens account security, especially when executing trades or withdrawals.
7. Does BitTap have price fluctuation limits?
Yes, BitTap imposes price fluctuation limits on some trading pairs to prevent extreme short-term price swings. If the market price fluctuates beyond the set range, the platform may temporarily suspend trading to ensure market stability.
8. How can I increase my trading limits?
To increase your trading limits, you can complete Advanced Verification (KYC Level 2) and upgrade your account to a higher VIP level. Once advanced verification is completed, your daily withdrawal limit and trading limits will significantly increase.
