Now that you’re familiar with the different order types, it’s time to trade via Spot Trade!
1. Select your preferred trading pair located on the left side of the screen.
2. Choose your preferred order type.
In addition to this, please know that we also have different order types which you may utilize during your trades:
- Limit order - is an order you place on the order book with a specific limit price. It will only be executed if the market price reaches your limit price (or better). More here.
- Market order - is an order to immediately buy or sell at the best available price. More here.
- Stop- Limit order - combines two price elements into the equation: a Stop Price and a Limit Price. The Stop Price is considered as a trigger to execute your order, while the Limit Price will be the final amount on which your order will be executed. More here.
- Stop- Market order - combine two price elements into the equation: a Stop Price and a Market/Limit Price. The Stop Price is considered as a trigger to execute your order, while the Market / Limit Price will be the final amount on which your order will be executed. More here.
3. Enter your buy/sell amount. For limit and stop orders, you will be asked to input additional information.
4. Click [Buy/Sell].
On the Coins app
You may also access the Spot Trading feature through your Coins.ph app! Click the Trade button to proceed to the Spot Trade tab.
Once done, you will be redirected to Coins' exchange platform. Here you can spot trade various PHP and crypto pairs.
1. Select your preferred trading pair located on the top of the screen.
2. Click the [Buy/Sell] button first. Then choose your preferred order type.
3. Enter your buy/sell amount. For limit and stop orders, you will be asked to input additional information. Then click [Buy/Sell] button.
Reminders:
- Large order quantities may be executed against multiple price levels until your desired order quantity is filled which may result to unintended or significant costs
- Holding digital currency is high-risk. The price or value of digital currency can change rapidly, decrease, and potentially even fall to zero, and could cause large losses. Please consider carefully before purchasing or holding digital currency, taking into consideration your financial circumstances.
Contact us through the Coins app or Coins Support Form should you need any further assistance.