Question 1

What is pre-market trading?

Accepted Answer

Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time.

Question 2

What are the advantages of Bitget pre-market trading?

Accepted Answer

Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time.

Question 3

How are pre-market trades deliveries completed?

Accepted Answer

At the time of transaction, the system pre-freezes the funds required by both the buyer and the seller. Before the delivery time, the seller must ensure that their spot account holds an adequate quantity of new coins for the delivery; otherwise the transaction will be cancelled, the buyer's frozen funds released, and the seller's margin used as compensation. Upon successfully delivery, the corresponding quantity of coins will be credited to the buyer's spot account, and the buyer's frozen funds will cover the order cost, with the remainder credited to the seller's spot account after deduction of transaction fees. Note: 1) Upon reaching the delivery time, the system will execute the delivery based on the transaction time in chronological order. Delivery is expected to be completed within 1 hour. It is recommended that sellers refrain from performing any actions with the delivery currency within the first 30 minutes of the delivery period to avoid the risk of delivery failure due to the inability to deduct funds, as delivery is estimated to take 1 hour. 2) If you have both buy and sell orders, ensure that your spot account holds the required quantity of the sell order currency at the time of delivery. Orders with insufficient quantity will be processed using the 'compensate with margin' approach.

Question 4

How can I make a pre-market trade as a seller?

Accepted Answer

As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery.

Question 5

How can I make a pre-market trade as a buyer?

Accepted Answer

As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Post Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery.

Question 6

Do I have to fill the entire maker sell/buy order at once in pre-market trading?

Accepted Answer

No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit.

OTC Market

Pre-Market

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My orders