Trade Menu Guide

Trade Menu Guide

On Trade menu, you can easily; Check the current price, Order Book and Trading History of the cryptocurrency you want to trade. Analyze price and depth charts by analysis toolsü Create Limit, Market or Stop Orders With Commission Refund Campaign , you can get a refund of up to 50%of the transaction fees you paid for your trades on PRO boards. You can create below order types on Trade menu: 1. Limit Order Limit Order is the type of order you place by specifying the amount and price you want to trade. Your order will not be executed until the price of your order reaches the current market price. There is no guarantee of execution of the orders you place in the limit order type. The fields you need to fill in the limit order type are as follows. Limit Price: It refers to the price information at which the cryptocurrency is wanted to be bought or sold when placing an order. Amount: Indicates the amount of cryptocurrency you want to trade. Total: It refers to the total transaction amount calculated according to the limit price and amount you have determined. 2. Market Order A market order is a type of order that is given by simply specifying the order amount. The best buy or sell price in the order book is determined as the price at which your order will be executed. If there is not enough depth to cover your buy order at the best price, the rest of your order will be executed at the next best price. Market order allows you to trade quickly without wasting time with small price fluctuations. The fields you need to fill in the market order type are as follows. Amount: Indicates the number of cryptocurrencies you want to trade. Total (approximate): It refers to the total transaction amount calculated approximately according to the amount you have determined and the current price of the cryptocurrency. 3. Stop Order A stop order is a type of order that allows conditional orders to be entered, which are generally used to make less loss or protect profits. Trigger Price: The condition of the order is fulfilled when the market price reaches the trigger price level. If the order is given as a Stop Limit Order, with the limit price; If a Stop is placed as a Market Order, it is entered in the Order Book according to the current market price. Limit Price: In the Stop Limit Order option, if the market price reaches the Limit Price after the order is triggered, the order is executed. If the market price does not reach the Limit Price, the order will not be executed. Amount: Indicates the number of cryptocurrencies you want to trade. Total: It refers to the total cost calculated according to the limit price and amount you have set in the Stop Limit Order. In the Stop Market Order, the Total field is not included as the market price at the time of the transaction cannot be known. For all three order types, it is sufficient to fill one of the Quantity or Total fields. The unfilled area will be calculated automatically and will appear on the screen.

    • Related Articles

    • Instant Trade Guide

      On Instant Trade menu, you can trade with more than 200 cryptocurrencies and create any trading pair you want. To start trading. Deposit your account Go to Instant Trade menu Click the Buy or Sell buttons on the cryptocurrency line you want to trade ...

    • Instant Trade Order Types

      On Instant Trade menu, you can create any trading pair you want. So you can instantly trade with any trading pair, not only with main trading pairs like USDT, USDC etc. You can execute your trades using two order types. 1. Market Order Market order ...

    • 3 New Cryptocurrencies are on Instant Trade!

      We added Aptos (APT), Numeraire (NMR) and Kadena (KDA) to our platform. With the new listings, the number of cryptocurrencies listed on Bitexen SAF has reached 217. The new digital assets that Bitexen SAF has listed on the platform are as follows; ...

    • Increase Limits Feature

      Increase Limits Feature, helps you to increase trading limits Instant Trade. Thanks to this feature; On Instant Trade, you can increase the maximum amount of your orders approximately by 5 times. The amount of increase varies based on ...

    • I Made a Cryptocurrency Withdrawal. When Will It Be Completed?

      Your transfer will go to the wallet address you submitted, after receiving the number of blockchain approvals determined by the receiving platform. Blockchain approval refers to the number of confirmations a crypto transfer must receive on the ...