How to buy on Buycoins Pro (Limit Order)
Updated by Zino
Buycoins Pro comes with an order book that allows you 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 buy at 21,000.000 NGNT. You can then place a limit order at 21,000.000 NGNT and the trade will not execute until BTC gets to that price or lower.
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 "Buy BTC" and switch to the "Limit Order" tab. When you do this, input the coin amount you wish to buy and the limit price you wish to buy at.
Placing a buy limit order attracts a 0.2% takers fee.
3. Place your buy limit order
After inputting the details of your limit order, click on "Place Buy Order". When your order is placed, you will see the details of your order in the "Open Order" tab.
Feel free to reach out to [email protected] if you have any questions or need help with anything else.