Please note that each exchange has its own terms for its wallets and sometimes for its markets. Generally, there are two types of markets in which you can trade with Cornix: Spot and Futures.
Spot VS Futures
Cryptocurrency Spot trading involves buying and selling digital assets like Bitcoin and Ethereum for immediate delivery. In other words, cryptocurrencies are directly exchanged between market participants (buyers and sellers).
In the Futures markets, you trade contracts representing the value of a specific cryptocurrency. When you buy a futures contract, you don't own the underlying assets. Instead, you own a contract with an agreement to buy or sell a specific cryptocurrency.
Depending on the exchange, there might be different wallets for different markets, or sometimes the same wallet can be used.
For more information about each exchange's markets and the required funds in each wallet:
Binance:
Spot
In order to trade in the spot market, you need to make sure that you transfer funds to the 'Fiat and Spot' wallet. Here you will be able to trade with USDT and additional cryptocurrencies such as BTC, ETH, XRP, and so on, depending on the pair you want to trade with.
Futures
USDⓈ-M Futures - USDⓈ-Margined contracts are linear futures quoted and settled in USDT stablecoin. As an example, you will be able to purchase contracts such as BTC with USDT.
COIN-M Futures - Crypto futures contracts that are settled and collateralized in their based cryptocurrency such as BTC, ETH, XRP, and so on. As an example, a symbol that you would see would be 'BTCUSD'. This contract can be purchased using its based cryptocurrency which in this case would be BTC (Bitcoin).
ByBit:
Spot
In order to trade in the spot market, you need to make sure that you transfer funds to the 'Spot' wallet. Here you will be able to trade with USDT and additional cryptocurrencies such as BTC, ETH, XRP, and so on, depending on the pair you want to trade with.
Futures
In order to trade here, you will need to fund the 'Derivatives Account'.
USDT Perpetual - USDT perpetual contract is a linear contract. The margin used for a linear contract is USDT. As an example, you will be able to purchase contracts such as BTC with USDT.
Inverse Perpetual - Inverse perpetual contracts use BTC, ETH, and XRP as the base currency. As an example, a symbol that you would see would be 'BTCUSD'. This contract can be purchased using its based cryptocurrency which in this case would be BTC (Bitcoin).
KuCoin:
Spot
In order to trade in the Spot market, you need to make sure that you transfer funds to the 'Trading Account' wallet. Here you will be able to trade with USDT and additional cryptocurrencies such as BTC, ETH, XRP, and so on.
Futures
In order to trade in the Futures market, you need to make sure that you transfer funds to the 'Futures' account. As an example, you will be able to purchase contracts such as BTC with USDT.
Huobi:
Spot
In order to trade in the spot market, you need to make sure that you transfer funds to the 'Spot Account' wallet. Here you will be able to trade with USDT and additional cryptocurrencies such as BTC, ETH, XRP, and so on.
OKX:
Spot and Future
On OKX you can fund the same wallet for both Futures and Spot trading.