Spot Trade 2.0 User Guideline
Enhance DEX experience with CEX-like features.
Last updated
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Enhance DEX experience with CEX-like features.
Last updated
Was this helpful?
Spot trading is one of the safest ways of investing. Compared to other types of trading, spot trading is relatively simple and can be done by anyone with basic market knowledge. Spot trading is also a good way to hedge against future price fluctuations in the underlying asset. Think the price of a crypto is about to go to the moon? You can use a spot market to buy. Think a crypto is about to tank? Head to a spot exchange and sell.
Let’s start!
A market order is an instant kind of order which is executed at the current market price as quickly as possible when you place the order. You can use it to place both buy and sell orders.
For example, if you want to buy a certain quantity of USDT with a certain amount of BUSD instantly, you can place a market order to buy, which means that you agreed to buy it with the recent market price.
A limit order is an order that you place on the order book with a specific limit price. It will not be executed immediately like a market order. Instead, the limit order is only filled if the market price reaches your limit price (or better). Therefore, limit orders are useful to buy at a lower price or sell at a higher price than the current market price.
For example, you place a limit order to sell PTX/POSI at the price of 1, and the current PTX/POSI price is 0.8. Your limit order will be filled when the market price of 1 PTX/POSI is 1 or more.
Similarly, if you place a limit order to buy PTX/POSI at the price of 1, and the current PTX/POSI price is 1.5. Your limit order will be filled when the market price of 1 PTX/POSI is 1 or lower.
You can view the pair list by opening the Menu button on the left side of the Trade interface.
The pair list is in order of descending order of trading volume. You can see the most on-trend pair first in the list. You can also add some pairs to your favorites list to choose faster.
Position Exchange supports both stable tokens such as PTX/POSI, USDC/BUSD, USDT/BUSD, DAI/BUSD, and also bonds in Trade.
Click on the pair that you want to trade.
Choose order direction
The system will open Buy tab as default.
If you want to sell, please navigate to the Sell tab.
In case you have not approve a token yet, click on Approve button and confirm the action in your wallet to continue trading.
Choose order type
The default order type is market order.
If the market price of PTX/POSI is at 0.650, but you want to buy at a specific price, for example, 0.600, you can place a [Limit] order. When the market price reaches your set price, your placed order will be executed. Or if you want to sell assets at a higher price than the market price, a limit order is a good idea.
Enter limit price (only applied for limit order)
When you choose limit order, you can enter your desired price in the price box.
For a limit buy order, you should set the price less than the market price. If the price exceeds the market price, the system will automatically match the order at the market price.
For a limit sell order, you should set the price greater than the market price. If the price is less than the market price, the system will automatically match the order at the market price.
For example: At the time PTX/POSI price is 0.0750, you place a limit buy order with the amount of 150 POSI and the desired price of 0.0900 Your order will be matched at the price of 0.0750.
Conversely, at the time PTX/POSI price is 0.0750 you place a limit sell order with the amount of 150 POSI and the desired price of 0.0700. Your order will be matched at the price of 0.0750.
Enter the amount
Enter the amount of assets you want to buy or sell.
The order can not be completed if the payment amount calculated corresponding to the chosen amount overwhelms your available balance.
Your available amount is displayed above the pay amount box. Please adjust the lower amount to keep on the transaction.
When you finish the information, click Buy [ _ ] or Sell [ _ ] button to complete the transaction.
Please confirm the action in your wallet.
Your market order will be filled immediately and placed in the Order History section.
Your limit order will be executed only when the market price is equal to or better than your limit price. The limit order will remain open if the market price doesn’t reach your set price placed in the Open orders section.
You can check your spot trading activities from the panel at the bottom of the Trade interface. Simply switch between the tabs to check all of your orders consisting of your open order status and previously executed orders.
1. Balance
Balance displays your available balance of each token and its equivalent value in USD.
2. Open orders
Under the [Open Orders] tab, you can view details of your open orders, including:
Order date
Trading pair
Order type
Order side
Order size
Order price
Filled order amount
3. Order history
Order history displays a record of your filled and unfilled orders over a certain period. You can view order details, including:
Order date
Trading pair
Order type
Order side
Order size
Order price
Filled order amount
Average filled price
Order status
Transaction ID
4. Trade history
Trade history shows a record of your filled orders over
a given period. You can choose the period you want to track (1 day/week/month)
