Updated by Zino
Buycoins Pro comes with an order book that allows you to trade multiple coins by placing market/ limit orders.
A market order is an order to quickly buy or sell at the best available price(s) on the order book. Because market orders need liquidity to be filled, they are executed based on the limit orders that were previously placed on the order book by other Buycoins Pro traders.
Market orders are mostly useful in situations when getting your order filled instantly is more important than getting a certain price. This means that you should only use market orders if you are willing to pay higher prices or fees caused by the slippage.
Market orders should only be used when you cannot wait for your limit order to be filled at your preferred price.
Because of how order books work, market orders will be filled based on the prices and liquidity of the limit orders available and will continue filling till there is no applicable limit order available.
Here's how to place a market order on Buycoins:
1. Click on "Search Markets"
Click on "Search Markets" to select the coin pair you wish to trade. You can trade your coins with NGNT, USDC or USDT. At the moment, all coins have a direct NGNT & USDT pair. This means that you can buy coins with USDT & NGNT and sell your coins to USDT & NGNT.
2. Select the coin pair you wish to trade
Select the coin pair you wish to trade. Click on "Sell BTC" and input the amount you wish to sell.
3. Place your sell order
After inputting the amount you wish to sell, click on "Place Sell Order". When your order is placed, you will see the details of your order in the "Open Orders" tab. Your sell order will be filled within 2 minutes and you can click on "Filled Orders" to view the details of your filled order.
In the unlikely event that your sell order fails, details of your order will show in the "Failed Orders" tab and your coins will be refunded to your account.
Feel free to reach out to [email protected] you have any questions or need help with anything else.