You can buy and sell assets on the Trading page on the Dacxi Exchange by initiating a buy or sell order. By placing an order, you’re instructing us to buy or sell an asset at a given price. If a buyer or seller is willing to trade with you at your given price we will facilitate the transaction.
SELECT YOUR TRADING PAIR
Navigate to the trading screen tab and select which coin pair you wish to trade.In this example we will use the ETH/BTC pair.
After selecting your trading pair, look to the Buy area and enter the amounts you would like to trade. Here is a Limit order example:
LIMIT AND MARKET ORDERS
If you want to buy or sell a cryptocurrency only for a certain price you must select a limit order instead of a market order. While a market order will buy or sell coins immediately for the going rate, a limit order is for those who are willing to be more patient to get the best price.
If you choose Market option, the amount you wish to buy will be negotiated quickly at the current market price. In this option you are not able to set the buying price.
In the example below, you can see that the total cost(1) is almost the same as the last ''sell order''(2) in the order book.
If the amount you want to buy exceeds the last sell order included in the order book, then the market price will be based on the following sell orders values until it reaches the total traded amount.
If you choose Limit option, there will be a field (Bid Price) where you can enter the exact value you would like to set up when buying your coins.
In the example below, you can see that the ''Bid Price'' is no longer the Market Price, you can now edit it.
In this option you set the price you want as base while buying your coins.
Here is a brief explanation of the fields you see on the screen:
The amount of currency you will have after the order has been filled.
You can press this button after you have entered your bid. This enters the maximum amount you can buy with your current coin balance.
The quantity you want to buy.
Your asking price per 1 asset.
Bid (in Dollar)
Your bid displayed in United States Dollars.
The trading fee applied to your order.
The total amount of currency you are spending.
*By instructing us to process a crypto asset transaction you are giving us permission to debit or credit your crypto and fiat accounts to complete the transaction. Crypto asset transactions cannot be reversed once they have been completed. Please ensure you’ve entered the correct transaction details before placing any orders.
If you have any questions about this process please submit a request and we one of the support staff will be happy to help.