All trading actions can be done in the Trading Dashboard. The panel where you can place orders is by default on the bottom left, named Order Entry.
- Spot: type of trading. Right now the only trading type on QRYPTOS is spot trading.
- ETHBTC: the market that is selected at the time. You can change to a different market by clicking on the pair and open a dropdown list.
Select Limit to continue.
- Price: the price at which you want the order to be executed. Placing a limit order means you want to buy or sell at a better price than market ask or market bid. Based on the screenshot, if you want to buy, price has to be lower than 0.12497, and if you want to sell, price has to be higher than 0.07481.
- Quantity: how much you want to buy or sell.
- Disclosed Qty: "disclosed quantity," or the quantity you are willing to let other traders know. For example you want to buy 3 ETH with disclosed quantity of 1 ETH. System will first put an order of 1 ETH on the orderbook, and once that order is filled, renew it with another 1 ETH. This goes on until the full order is filled or cancelled.
- Cost: estimated amount of quote currency (in this case BTC) you need to spend to get the quantity you want. Cost = Average Price * Quantity
- Average Price: the price at which system estimates your order to be filled.
- Fee: all limit orders have a maker fee of -0.075%. This means if your limit order gets matched after, you get 0.075% of order value as reward.
Now let's sell 0.01 ETH at 0.13 BTC.
Check if everything is in order, then click Submit Order. Click Dismiss if you want to edit anything.
System confirms that your order has been submitted.
Market price has not hit 0.13 BTC yet, so your balance in both BTC and ETH is still unchanged, and there are no transactions or executions. Your limit order is also "unfilled" at 0.00%, and is displayed on the orderbook. When the order is unfilled or just partially filled, you can cancel it by clicking on the Cancel button. The partially filled portion, if any, will be kept.
A limit order can be executed many times since one execution is not guaranteed to cover the whole order. Executions will happen as the order is matched.
Note that in all orders, slippage can happen.