Placing orders

Depending on whether your order must be executed immediately or placed on the Order book to await for the best possible price, you can choose one of the following order types:

  • place a market order

  • place a limit order

Placing a quick market order

The easiest way to place a new IOC market order to instantly sell or buy a certain amount of assets at the current market price, is to use the Quick market order widget. The widget is split into two parts, each containing the fields required to place a buy or sell order.

The following example illustrates how to exchange a certain amount of BTC to USD by placing an IOC market sell order:

  1. Click the cross button displayed inside the market selector, and select the BTC/USD pair.

  2. On the right side of the widget (containing options for placing a sell order), specify the Amount field to indicate the amount of BTC that you wish to sell.

The amount of USD to be received in exchange is displayed below the Amount field, along with the fee to be charged for the transaction.

  1. Click SELL BTC NOW to place the order.

The order will not be placed in the order book — it will be executed immediately in the amount that is currently available at the top-of-the-book price (partially or in full). Any portion of the order that cannot be filled immediately will be canceled.

Upon successful execution of the order, it appears in the Filled orders widget.

Placing a market order

To place a new market order, switch to the Market widget. The widget is split into two parts, each containing the fields required to place a buy or sell order.

The following example illustrates how to exchange a certain amount of BTC to USD by placing an IOC market sell order:

  1. Click the cross button displayed inside the market selector, and select the BTC/USD pair.

  2. Click the IOC button to apply a corresponding time-in-force rule.

  3. On the right side of the widget (containing options for placing a sell order), specify the Amount field to indicate the amount of BTC that you wish to sell.

Alternatively, you can sell a fixed amount of BTC by clicking the percentage buttons enabling you to quickly place a sell order in the amount of 25%, 50%, 75% or 100% of BTC at your disposal.

The Total field then indicates a corresponding amount of USD to be received in exchange for the specified amount of BTC, based on the current market price.

The total (less fees) order amount in USD is displayed in the Total field. The Fee field indicates the commission to be charged for this order.

  1. Click Sell BTC to place the order.

The IOC order will not be placed in the order book — it will be executed immediately in the amount that is currently available at the top-of-the-book price (partially or in full). Any portion of the order that cannot be filled immediately will be canceled.

Upon successful execution of the order, it appears in the Filled orders widget.

Placing a quick limit order

The easiest way to place a new limit order to trade a certain amount of assets at the price specified by you, is to use the Quick limit order widget. The widget is split into two parts, each containing the fields required to place a buy or sell order.

The following example illustrates how to exchange a certain amount of USD to BTC by placing a limit buy order:

  1. Click the cross button displayed inside the market selector, and select the BTC/USD pair.

  2. On the left side of the widget (containing options for placing a buy order), specify the Amount field to indicate the amount of BTC that you wish to buy.

  3. Specify the My Price field to indicate the desired exchange rate (that is, the amount of USD you expect to sell in exchange for one BTC).

  4. Click BUY BTC AT MY PRICE to place the order.

Upon successful placement of the order, it appears in the Order book.

The order will be executed only after the market price hits the specified limit. Upon successful execution, the order is listed in the Filled orders widget.

Placing a limit order

To place a new limit order, switch to the Limit widget. The widget is split into two parts, each containing the fields required to place a buy or sell order.

The following example illustrates how to exchange a certain amount of USD to BTC by placing a limit buy order:

  1. Click the cross button displayed inside the market selector, and select the BTC/USD pair.

  2. On the left side of the widget (containing options for placing a buy order), specify the Price field to indicate the desired exchange rate (that is, the amount of USD you expect to sell in exchange for one BTC).

  3. Specify the Amount field to indicate the amount of BTC that you wish to buy.

Alternatively, you can specify the Total field to indicate the total amount of USD you expect to sell upon execution of this order. The Amount field will then be updated automatically to reflect the amount of BTC that needs to be purchased to produce the specified total amount of USD.

You can also buy BTC in exchange for a fixed amount of USD at your disposal, by clicking the percentage buttons enabling you to quickly place a buy order in the amount of 25%, 50%, 75% or 100% of USD at your disposal.

The total (less fees) order amount in USD is displayed in the Total field. The Fee field indicates the commission to be charged for this order.

  1. Click Buy BTC to place the order.

Upon successful placement of the order, it appears in the Order book.

The order will be executed only after the market price hits the specified limit. Upon successful execution, the order is listed in the Filled orders widget.