Spot trade for this example – buying 0.003 BTC:
Having made a deposit, you are ready to start trading on CoinFLEX. Please take the following steps:
1. Make sure that you have enough assets for the trade you want to make. In this case the account has $54.0221 USD.
2. Go to the trading page by selecting ‘trade’ in the top left of the dashboard screen (this opens up the trading interface in a new window) and in the trading interface window choose a trading pair from the drop down which appears when you select the market selector field in the top left hand corner. (e.g. Spot and then USD/BTC which means the USD to BTC spot market)
3. Specify the order size and order price. At present we offer ‘Limit’ or ‘Market’ orders. (A limit order attempts to execute at a price defined by you, a market order executes at the current available ‘market’ price).
4. Select “Buy BTC” or “Sell BTC” to trade, limit order example, buying 0.003 BTC at $11758.2.
Market order example; buying 0.003BTC at ‘Market’ (which is actually also $11758.2 in this case)
Once you have selected ‘BUY/LONG’ you will then see a small green ‘order filled’ notification appear in the bottom right corner of the screen. Then you will see that the USD balance has reduced, the BTC balance has increased under the trade ticket and if you select the ‘trade records’ tab in the bottom section of the trading UI you will see the executed BUY order at 11758.3 for 0.003 BTC. (in this instance ‘market order’ was used and the trade executed at a slightly higher price).