A
Active Orders
Orders that are running for the duration of the trading day
Ask
Sell order
Assets
A digital representation of value that you can transfer, store, or trade electronically
B
Balance Collateral
Balance for margin and futures trading
Balance Main
Balance that accepts deposits and/or withdraws cryptocurrency and national currency
Balance Spot(Balance Trade)
Balance for spot trading, this balance is intended solely for non-marginal trading (placing orders), as well as for the currency exchange
BBO
BBO (Best-Bid-Offer) is a function that determines the prices of Limit orders according to market conditions. When you activate the BBO option when placing Limit orders, the system automatically selects the best market prices for executing these orders in one of two ways. Counterparty Method: The system sets the order price at the level of the best available market price in the opposite direction. For Buy orders, it is the lowest Ask price in the order book. For Sell orders, it is the highest Bid price. Queue Method: The system sets the order price at the best price on the same market side as the order itself. For Buy orders, it is at the level of the highest current buy price (Bid); for Sell orders, it is at the highest Ask price.
Bid
Buy order
C
Codes
See WhiteBit Codes
Collateral
The cryptocurrency asset that the borrower pledges as a guarantee that the loan is going to be repaid
Conditional Orders
"Conditional Orders" is a collective term for orders with conditions. Currently, these include OTO (One Triggers the Other) and OCO (One Cancels the Other) orders.
Crypto Lending(SMART Staking)
A unique tool for passive income that allows depositing funds in specific plans and receiving a percentage from holding them for particular periods. Allows you to make profit by lending your funds to the exchange in a certain cryptocurrency by using one of the available plans
D
Deal (Trade)
A transaction between two parties in which an asset or commodity is bought or sold at an agreed-upon price, with a record of the transaction typically including information such as the trade price, amount, date, and any fees or commissions associated with the trade.
Derivative
Crypto derivatives are contracts that derive their value from a primary underlying asset. In the case of crypto derivatives, the primary asset would be a cryptocurrency such as Bitcoin
E
F
Fee
A cryptocurrency transaction fee that is charged to users when performing crypto transactions
Fiat
Is a currency (a medium of exchange) established as money, often by government regulation, but that does not have intrinsic value (value independent of the nominal value, such as a precious metal might have).
Finished orders
A list of all completed(executed) orders that includes information such as the order id, date, amount, price, conditions and any other relevant data related to the order
Futures
Futures Trading
Users can open Long and Short positions and use leverage and they pay a fee for using borrowed funds not to the exchange but to each other.
G
H
I
J
K
Kill-switch timer
A function that cancel all orders automatically if the timer is set. It only cancel orders with (that are grouped by) concrete asset.
L
Lending Plans(Smart Plans)
See Crypto lending
Leverage
The ratio of the margin to the borrowed funds used to open a position. In other words, it shows the number of times the credit exceeds your assets.
Limit order
This order allows you to buy or sell an asset at a fixed price
M
Maker
Trader who places limit orders on the order book, which means they set the price and quantity of the trade they want to make, and wait for another trader to accept their order
Margin trading
The use of exchange's funds to trade assets, which allows placing orders for sums exceeding the initial deposit several times. The latter is called "margin” and its size depends on the leverage.
Market
Assets that can be traded for each other on an exchange.
Market activity
Market information(last price, volume, high, low, change) for last 24 hours
Market order
This order allows you to buy or sell an asset immediately at the best available price.
Market Pair
See Market
Memo(destination tag)
A special identifier used in transactions. To deposit and withdraw some cryptocurrencies, such as Ripple (XRP) and Stellar (XLM), you must specify a memo.
Money
The currency that is used to buy and sell assets on a trading platform.
Multinetwork
Cryptocurrency like USDT obtained in different networks, like: OMNI, Tron, Ethereum etc. Network should be selected in order to make a deposit or withdraw.
N
Nonce
An arbitrary number that can be used just once.
O
OCO orders
This order allows you to place a combination of two orders at the same time. It combines the limit order with a stop-limit, on condition that only one of them will be executed. The feature of this order is that as soon as one of the orders is partially or completely executed, the second order is automatically canceled.
Order Book
A separated list of buy (bids) and sell (asks) active orders for a specific trading pair.
Orders
Simple contracts that allow you to specify which crypto you want to buy or sell, how much of it and for what price. Orders consist of trades(deals). The execution of all deals executes the order. There are different types of orders: Market order, Limit order, Stop market order, Stop limit order, OCO order. Orders may have executed(finished) or unexecuted(active) status.
Orders Pending
Orders that request an exchange to buy or sell an asset at a set price and conditions.
OTO
OTO (One Triggers the Other) is a trading feature where fulfilling a primary order automatically sets corresponding stop loss and take profit orders. These orders are placed based on predefined price conditions. Additionally, it allows specifying prices for both or just one of these orders upon creating the primary order.
P
Pair
See Market
Perpetual Futures(Futures)
A type of derivative contract for trading cryptocurrencies that do not have an expiration date and are rolled over daily
Precision
Is the number of digits to the right of the decimal point
Provider
Fiat currencies has different providers that helps people making deposits and withdraws by bank transfers.
Q
R
S
Smart Plans(Lending Plans)
See Crypto lending
SMART Staking
See Crypto lending
Spot trading
Buying and selling assets for immediate settlement
Stock
Asset that can be traded on an exchange.
Stop limit order
This order has both the stop and the limit prices. When the specified market price at this pair is reached the order gets activated and is being completed as a basic limit order.
Stop market order
This order is completed when the market price reaches a price set by you in advance (the stop price). This type of order is often used to prevent losses in the context of market volatility.
Stop price
A price set by you in advance
Sub-Account
Account (user) with specific permissions (for example disable margin trading) is managed by main user
T
Taker
A trader who accepts an existing order from the order book, which means they take liquidity from the market
Ticker
An alphabetic and/or numeric abbreviation of the name of a digital asset. (BTC - Bitcoin ticker).
Trade
See Deal
Trade Volume
See Volume
U
V
Volume(Trade Volume)
The total number of shares or contracts exchanged between buyers and sellers of a market on a given day
W
WhiteBIT Codes
Free alphanumeric codes with the assets packaged in it