So you have funded your account, and are looking to make your first trade? Follow this guide for a brief walk-through of our trading platform.
After signing into your account, proceed to the "Trade" section and select the crypto-currency you wish to trade. It can be found in the drop-down menu to the top right of the price chart.
Note that all crypto-currencies are traded against the USD, and they each have a 3- or 4-letter code: BTC for Bitcoin, ETH for Ethereum, LTC for Litecoin, XRP for Ripple, DASH for Digital Cash, BCH for Bitcoin Cash, EOS for EOS.IO, OMG for OmiseGo, ZEC for Zcash, IOTA for MIOTA, GNT for Golem, TRX for Tron, ZRX for 0x, UBQ for Ubiq, and FLASH for Flashcoin.
After you pick your currency, the trading window will reflect your choice by displaying the price chart and current order book for said crypto-currency.
For immediate trade, go to "Order Entry" on the right, and select "Market Order".
Next, type in the amount of currency you would like to trade under "Amount", and you should see the approximate USD value reflected under "Price USD".
For example, this is a sample for trading 0.5 bitcoin:
Once you are ready to complete your crypto purchase, place the order by clicking the "Buy Market" button. The trade will take place right away using the current market price, and will immediately reflect in your wallet balance. Any approximated (≈) dollar amount is just that, an approximation. The market is never standing still therefore your final buy/sell market order will be within a reasonable variance, up or down, from the approximated market price.
Note: Sell orders work in the same fashion. Use these when you wish to convert your crypto-currency back into USD.
Limit orders are used to enter the market at a specific price. For instance, if you expect the value of bitcoin to drop below its current price, you can use a limit order to specify the price at which you'd like to buy. Once the market conditions meet your criteria, the order will be filled at the price you specified, automatically .
To use a limit order, select "Limit" under Order Entry, and insert your desired price under "Price USD", and the amount of currency to purchase under "Amount", like so:
Once you place your order by clicking "Buy Limit" or "Sell Limit", you will see it reflected at the bottom of the trading page under "Orders". It will stay there until it executes, or until you cancel it.
Stop orders, commonly referred to as stop-loss orders, are useful for cutting losses in the event of a market crash. For example, you may wish to sell your crypto-currency after it drops below a certain price in order to prevent further loss. For example initiating this "Sell Stop" order will sell off your bitcoin in the event its value drops below $5,000:
Much like the limit orders, stop order will remain in your "Orders" section until they are executed or canceled by you.
Armed with these basics, you should be able to start placing orders and conducting trades. We do encourage our customers to do their own research in order to deepen their understanding of investment and trading principles.