How to sell on Buycoins Pro (Limit Order)

Zino Updated by Zino

Buycoins Pro comes with an order book that allows you to trade multiple coins by placing market/ limit orders.

A limit order is an order that is placed to buy or sell your coins at a specific price. The process of buying and selling is then automated by Buycoins. For example, let’s say that the current market price for BTC is 25,000,000 NGNT, but according to your analysis, you think it would be a better sell at 27,000.000 NGNT. You can then place a limit order at 27,000.000 NGNT and the trade will not execute until BTC gets to that price or higher.

Here's how to place a limit 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 (We will use the BTC/NGNT pair in this demo). Click on "Sell BTC" and switch to the "Limit Order" tab. When you do this, input the coin amount you wish to sell and the limit price you wish to sell at.

Your order will only be fulfilled if the price of price per coin gets to the price you wish to sell at or if another Buycoins Pro trader matches with your order.
Placing a sell limit order is free! This means that you will not be charged a fee when your order is filled.

3. Place your sell limit order

After inputting the details of your limit order, click on "Place Sell Order". When your order is placed, you will see the details of your order in the "Open Order" tab and other Buycoins Pro traders will see your order displayed on their order book.

Limit orders will remain open until it's cancelled by you or if another Buycoins Pro user places a matching order.

That's it! 

Feel free to reach out to [email protected] if you have any questions or need help with anything else.

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