How to Spot Trade via the Coins App

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Spot trading has become one of the most accessible and popular ways to engage with cryptocurrencies, especially for users in the Philippines. With the Coins app, you can seamlessly buy and sell digital assets in real time using Philippine pesos (PHP). This guide walks you through everything you need to know about spot trading on the platform — from account setup to executing your first trade.

Whether you're a beginner or looking to refine your strategy, understanding how spot trading works on Coins.ph is essential for making informed decisions in the fast-moving crypto market.

Getting Started with Spot Trading

Before diving into trades, ensure your Coins.ph account is fully set up and verified. Verification is not only a security requirement but also unlocks full access to trading features.

To begin spot trading, your account must meet the following criteria:

Once verified, you’re ready to start trading. The process is intuitive and designed for both new and experienced users.

👉 Discover how easy it is to start trading crypto today.

Step-by-Step Guide to Spot Trading on Coins.ph

Step 1: Access the Trade Tab

Open the Coins app on your mobile device and locate the Trade tab at the bottom of the screen. This tab serves as your gateway to all trading activities, including spot trading.

Step 2: Navigate to Spot Trade

After tapping the Trade tab, you'll be directed to the Spot Trade interface. Here, you can view available cryptocurrency pairs priced in PHP, such as BTC/PHP, ETH/PHP, and USDT/PHP.

Step 3: Select Your Trading Pair

At the top of the screen, choose your desired trading pair. For example, if you want to buy Bitcoin using Philippine pesos, select BTC/PHP.

The chart below the pair shows real-time price movements, helping you make data-driven decisions based on current market trends.

Step 4: Choose Buy or Sell

Now comes the core action:

Next, select your preferred order type. Your choice will depend on whether you want immediate execution or are aiming for a specific price point.

Understanding Order Types in Spot Trading

Coins.ph offers three main order types, each serving different trading strategies and risk preferences.

Limit Order

A Limit Order allows you to set a specific price at which you want to buy or sell. For example, if Bitcoin is trading at ₱2,000,000 but you believe it will drop to ₱1,950,000, you can place a limit buy order at that price. The trade executes only when the market reaches your specified level.

This type gives you control over pricing but does not guarantee execution if the market doesn’t reach your target.

Market Order

A Market Order executes instantly at the best available current price. It’s ideal when speed matters more than precision — for instance, during rapid price increases.

While fast, market orders may result in slightly different prices than expected due to volatility or slippage, especially with larger trade amounts.

Stop-Limit Order

A Stop-Limit Order combines elements of both stop and limit orders. You set a stop price that triggers a limit order once reached. For example, if BTC drops to ₱1,900,000 (the stop), a limit order activates to sell at ₱1,890,000.

This tool is useful for managing losses or locking in profits without constant monitoring.

👉 Learn how advanced order types can improve your trading strategy.

Frequently Asked Questions About Spot Trading

What cryptocurrencies can I trade on Coins.ph?

Coins.ph supports a range of popular cryptocurrencies paired with PHP, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), and others. New pairs are occasionally added based on demand and market conditions.

Are there fees for spot trading?

Yes, trading fees apply and vary depending on your VIP level and trading volume. Fees are typically a small percentage of the transaction amount and may differ between makers (limit orders) and takers (market orders). You can check the fee structure directly in the app or via Coins.ph’s support center.

How fast are trades executed?

Market orders are processed almost instantly under normal network conditions. Limit and stop-limit orders execute only when market conditions match your set parameters, which could take seconds or longer depending on volatility.

Can I trade 24/7?

Yes, cryptocurrency markets operate around the clock, and so does spot trading on Coins.ph. You can place trades anytime — weekends, holidays, or late at night.

Is spot trading safe on Coins.ph?

Coins.ph employs industry-standard security measures, including two-factor authentication (2FA), encryption protocols, and cold storage for most funds. However, always practice personal security by enabling 2FA, using strong passwords, and never sharing your login details.

What should I do after placing an order?

After submitting an order, monitor its status in the "Open Orders" section. Once filled, the asset appears in your wallet. Consider setting price alerts or using stop-loss strategies to manage future risks.

👉 Secure your digital assets with best-in-class security practices.

Tips for Successful Spot Trading

Core Keywords

By mastering these fundamentals and leveraging the tools available in the Coins app, you can confidently participate in the growing digital economy — right from your smartphone.