The Spot Wallet on Feo is the dedicated wallet for trading cryptocurrencies on the Feo Exchange. It holds the funds that you use to buy and sell digital assets in real-time. Unlike the Main Wallet, which is used for funding and withdrawals, the Spot Wallet is designed specifically for executing trades efficiently within Feo.
Key Features of the Spot Wallet
Trading on Feo Exchange The Spot Wallet holds the funds required for trading. To place buy or sell orders, you must first transfer crypto from your Main Wallet to your Spot Wallet.
Instant Transfers from Main Wallet Moving assets from the Main Wallet to the Spot Wallet is instant and does not incur any fees.
Direct Deposits or Withdrawals Direct deposit/withdrawal feature to/from Spot wallet is under development, and will be available soon.
Spot Wallet vs. Main Wallet
| Feature | Spot Wallet | Main Wallet |
|---|---|---|
| Purpose | Trading crypto | Holding and funding |
| Deposits | In Development | Allowed from external wallets |
| Withdrawals | In Development | Allowed to external wallets |
| FeoPay Transactions | Not supported | Supported |
| Trading | Supported | Not supported |
Additional Insights
The Spot Wallet is part of Feo’s structured approach to fund management. By separating funding (Main Wallet) from trading (Spot Wallet), Feo ensures better security, easier fund tracking, and a seamless trading experience.
For security, trading funds are kept in the Spot Wallet, reducing risks associated with unintended spending or exposure. Users can instantly move assets between wallets within Feo without any fees.
