This article explains the basic rules of PerpVia spot trading, including trading limits, fee standards, and the difference between maker and taker orders, to help you successfully complete your first spot trade.
1. What is Spot Trading
Spot trading refers to the method of immediately buying or selling digital assets at the current market price. After the transaction, you will instantly receive the purchased coins or the funds from the sale. The assets are actually held by you and can be transferred, withdrawn, or traded further at any time.
2. Trading Limits
To ensure the stable operation of the trading system, each trading pair has order limits. Limits may vary between different trading pairs, and the specific values are subject to what is displayed on each trading pair’s order page.
| Limit Item | Description |
|---|---|
| Minimum Trade Amount | The lowest transaction amount allowed per order. Orders below this amount cannot be placed. Subject to the display on each trading pair page. |
| Minimum Order Quantity | The minimum quantity of the coin allowed to buy or sell per order. Subject to the display on each trading pair page. |
| Maximum Order Quantity | The maximum quantity of the coin allowed to buy or sell per order. Subject to the display on each trading pair page. |
3. Trading Fees
Spot trading fees are charged when the order is executed. The current PerpVia spot trading fee standards are as follows:
| Trade Type | Maker (Limit Order) | Taker (Market Order) |
|---|---|---|
| General Trading Pairs | 0.07% | 0.07% |
| USDC / USDT Trading Pairs | 0 Fee | 0 Fee |
Note: Fee standards may be adjusted according to platform policies. The final standards are subject to what is displayed on the order page and transaction records.
4. Maker & Taker
Whether your order is immediately executed determines if you are the "maker" or the "taker." These two roles correspond to different fee types (as shown in the table above for Maker and Taker).
Maker — Providing Market Liquidity
When your order does not execute immediately but instead rests on the order book waiting for a counterparty, you are the maker. Your order adds liquidity to the market, essentially "posting a quote and waiting for others to trade."
- Typical scenario: Placing a limit order at a better price than the current market price (e.g., buying below market price or selling above market price).
- The order stays on the order book until someone accepts your price and the trade executes.
Taker — Consuming Market Liquidity
When your order immediately matches with an existing order on the order book, you are the taker. You "take" someone else’s posted order, consuming market liquidity.
- Typical scenario: Using a market order, or placing a limit order that can be immediately executed.
- The order does not rest on the order book but is matched and executed right away.