How can I interpret the term 'st' on Kucoin in the context of digital currencies?
Lokesh KushwahDec 17, 2021 · 3 years ago7 answers
I'm new to Kucoin and I've noticed the term 'st' being used. Can someone please explain what 'st' means in the context of digital currencies on Kucoin? I want to understand its significance and how it affects the trading experience.
7 answers
- Dec 17, 2021 · 3 years agoSure, 'st' on Kucoin stands for 'spot trading'. It refers to the buying and selling of digital currencies for immediate delivery. Spot trading is different from futures trading, where contracts are bought or sold for delivery at a later date. Spot trading is popular among traders who want to take advantage of short-term price movements and have immediate ownership of the digital assets.
- Dec 17, 2021 · 3 years agoHey there! 'st' on Kucoin simply means 'spot'. It's the regular trading of digital currencies on the platform. When you see 'st' next to a trading pair, it means you can buy or sell that specific cryptocurrency at the current market price. Spot trading is the most common form of trading and is suitable for those who want to trade in real-time without any future commitments.
- Dec 17, 2021 · 3 years agoAh, 'st' on Kucoin refers to 'spot trading'. It's the standard way of buying and selling digital currencies on the exchange. Spot trading allows you to trade cryptocurrencies at the current market price, without any future obligations. It's a straightforward and immediate way to enter or exit positions in the market. If you're looking to actively trade and take advantage of short-term price movements, spot trading is the way to go. By the way, at BYDFi, we also offer spot trading for a wide range of digital currencies.
- Dec 17, 2021 · 3 years agoSpot trading, my friend! That's what 'st' means on Kucoin. It's the regular way of trading digital currencies on the platform. When you spot trade, you're buying or selling cryptocurrencies for immediate delivery. It's like buying or selling stocks on the stock market. Spot trading is great for those who want to trade in real-time and have instant ownership of the digital assets. So, go ahead and spot trade like a pro!
- Dec 17, 2021 · 3 years agoSpot trading, baby! That's what 'st' stands for on Kucoin. It's the bread and butter of trading digital currencies. When you spot trade, you're buying or selling cryptocurrencies for immediate delivery. It's like buying or selling stuff at a store. Spot trading is perfect for those who want to trade in real-time and have full control over their digital assets. So, don't be shy, get in on the spot trading action!
- Dec 17, 2021 · 3 years agoSpot trading, my friend! That's what 'st' means on Kucoin. It's the regular way of trading digital currencies on the platform. When you spot trade, you're buying or selling cryptocurrencies for immediate delivery. It's like buying or selling stocks on the stock market. Spot trading is great for those who want to trade in real-time and have instant ownership of the digital assets. So, go ahead and spot trade like a pro!
- Dec 17, 2021 · 3 years agoSpot trading, baby! That's what 'st' stands for on Kucoin. It's the bread and butter of trading digital currencies. When you spot trade, you're buying or selling cryptocurrencies for immediate delivery. It's like buying or selling stuff at a store. Spot trading is perfect for those who want to trade in real-time and have full control over their digital assets. So, don't be shy, get in on the spot trading action!
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