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⚠️ Before sending, receiving, and trading crypto tokens, learn to make informed decisions. Crypto tokens are volatile, and the prices can go up and down. Carefully set your trading goals and assess the financial risk you are willing to take. Please be aware that WX.Network does not provide financial, tax, or legal advice. You should make such decisions on your own or consult with reliable experts.
Just follow the step-by-step instructions below to start trading, and this video guide helps you with this.
Open your WX Network wallet and click Trading at the top menu. Then, choose a trading pair from the list and selected market will open.
Note: If you want to trade unverified tokens (the tokens which not marked as Gateway, DeFi, or Community Verified) just activate Community mode on the exchange. The instruction about how to activate Community mode you can find in the following article - Trading modes
You can find any available trading pair. Just type a name or token ID in the search bar. Then, choose the required trading pair:
Tips: In order to add the selected pair to the favorite list, just click on the star icon.
Tips: you can sort the trading pairs in the list by daily price change or by trading volume. To do this, click on Change or on Volume.
Use the WAVES | BTC | USDT... tabs to find trading pairs with these tokens.
How to Buy Cryptocurrency
Choose a pair you want to work with and select Market order, Limit order, or Stop-Limit order at the bottom left corner of the order form (optional).
Note: a Market order is a transaction which is meant to be executed as quickly as possible at the existing/market price. On the other hand, a Limit order sets the minimum or maximum price at which you are willing to buy or sell. The order gets executed once price level is triggered. Stop-Limit order differs from the Limit order in that it will be added to the orderbook when the price in the pair reaches the level specified during the Stop-Limit order's creation.
Note: market orders can only be created in the following trading pairs: WAVES/BTC, WAVES/XTN, BTC/XTN, ETH/WAVES. Market order creation is available only in accounts associated with the Seed phrase.
Fill the fields of the order form:
In the Price enter the desired price of the currency. Note: By default, the Price sets with the nearest market price;
In the Amount enter the amount of currency you want to buy;
In the Total review the total amount of the order;
In the Stop, specify the price that needs to be reached so that the order is included in the orderbook. (only for Stop-limit orders);
In the Transaction Fee select the type of currency to pay the trading fee.
After filling out the form click Buy. The order sum and trading fee will be frozen for the order execution time. If the order is not executed and then canceled, tokens will be unfrozen.
The order execution time is 29 days. After the expiration of the selected period, the order will be forcibly canceled.
Note: there are 2 types of fees available on the exchange:
A percentage fee for the most liquid token pairs. It will be 0.1% of the exchange transaction's amount, but no lower than the equivalent of 0.01 WAVES. The percentage fee is charged in the spending token.
A fixed fee of 0.01 WAVES for other pairs.
We remind you that you can get a 25% discount if you pay fees in WX tokens.
The placed order will appear in the Open Orders tab and in the OrderBook (in the upper right corner). All executed orders are available in the Trade History tab:
You can cancel your open order by clicking Cancel in the Open Orders tab.
How to Sell Cryptocurrency
Choose a pair you want to work with and select Market order or Limit order at the bottom left corner of the order form.
Note: a market order is a transaction that is meant to be executed as quickly as possible at the existing/market price. On the other hand, a limit order sets the minimum or maximum price at which you are willing to buy or sell. The order gets executed once price level is triggered.
Note: market orders can only be created in the following trading pairs: WAVES/BTC, WAVES/XTN, BTC/XTN, ETH/WAVES. Market order creation is available only in accounts associated with the Seed phrase.
Fill the fields of the order form:
In the Price enter the desired price of the currency. Note: By default, the Price sets with the nearest market price;
In the Amount enter the amount of currency you want to sell;
In the Total review the total amount of the order;
In the Stop, specify the price that needs to be reached so that the order is included in the orderbook. (only for Stop-limit orders);
In the Transaction Fee select the type of currency to pay the trading fee.
After filling out the form click Sell. The order sum and trading fee will be frozen for the order execution time. If the order is not executed and then canceled, tokens will be unfrozen.
The order execution time is 29 days. After the expiration of the selected period, the order will be forcibly canceled.
Note: there are 2 types of fees available on the exchange:
A percentage fee for the most liquid token pairs. It will be 0.1% of the exchange transaction's amount, but no lower than the equivalent of 0.01 WAVES. The percentage fee is charged in the spending token.
A fixed fee of 0.01 WAVES for other pairs.
We remind you that you can get a 25% discount if you pay fees in WX tokens.
The placed order will appear in the Open Orders tab and in the OrderBook (in the upper right corner). All executed orders are available in the Trade History tab:
You can cancel your open order by clicking Cancel in the Open Orders tab.
Troubleshooting:
- If you cannot find the necessary token, enable the Unverified mode.
- If your order was executed but tokens are not credited to the account balance, please make sure that the order was fulfilled fully. Check the active orders.
Feel free to contact us anytime if you still have any questions WX Network related. Just click on the "Support" icon at the lower right corner of the screen.
tags*: trade trading exchange market limit order buy sell cryptocurrency newbie