Step 1: Log into your account
Easy!
Step 2: Find your market
Keeping things simple, let’s say you want to trade BTC/AUD.
You can get to the BTC trading panel by clicking on BTC/AUD on the ‘markets’ dashboard:
Or by going directly to the ‘trade’ panel and finding BTC/AUD in the markets dropdown:
Once you’re in you’ll see:
A price chart showing BTC/AUD performance over a 1-hour interval
The current market price and 24-hour change
An order book with live buy/sell orders
A recent trades list showing executed trades with price, size, and time
Step 3: Choose the order type
Head to the deal ticket at the bottom right of the screen and select ‘limit’ as your order type. You’ll see two columns. The left-hand side is for buy orders and the right-hand side for sells.
Step 4: Fill in the details of your order
This is a limit order, which means you’re specifying the price at which you want to trade. This price will be higher than the current market price if the order is to sell, and lower if the order is to buy.
To place the order, you’ll need to specify four things:
Whether you’re placing an order to buy or sell
The price at which you want to buy or sell
The amount of BTC you want to buy or sell at that price
The amount of time you want the order to remain on the order book
If you want to buy BTC, fill in the left-hand side of the ticket with:
Price: Your desired purchase price
Amount: Either specify the amount of BTC to be bought or drag the slider to the desired percentage of available funds in your account
Time: Select ‘good till cancelled’ or another duration from the dropdown
If you want to sell BTC, fill in the right-hand side of the ticket with:
Price: Your desired selling price
Amount: Either specify the amount of BTC to be sold or drag the slider to the desired percentage of your holding
Time: Select ‘good till cancelled’ or another duration from the dropdown
Step 5: Place the order
Once you’re happy, click:
Buy BTC (green button) to place a buy order
Sell BTC (red button) to place a sell order
You’ll see a confirmation message appear in the top right of the screen. And that’s it!
Step 6: Verify the order
After placing your limit order, you can check the details by viewing your ‘open orders’, either by going to the tab in the panel to the left of the screen or by clicking on ‘orders’ in the top right.
When you find your freshly placed order in the list, you should see the following details:
Date: Timestamp of when the order was placed
Pair: The trading pair (e.g. BTC/AUD)
Order type: Limit
Side: Buy or sell
Price: The limit price you specified
Stop price: Not applicable in this example
Pending: The amount of BTC still pending execution
Total: The total amount of BTC in the order
Action: Option to cancel the order if needed