FAQsTrading OrdersBuy Order

Buy Order

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By Tokenize Xchange
September 30, 2024

Here is a step-by-step guide on how to buy your cryptocurrency on Tokenize Xchange.

Content:

  1. Selecting Market
  2. Selecting Market and Coin to buy
  3. Buying
    3.1.  Limit Buy
    3.2.  Market Buy
  4. Confirming Order
  5. View your order
  6. Cancel Buy Order

Step 1. Go to Market

Select Market on your dashboard. You will see this page.

Go to Market

Step 2. Selecting Market and Coin

Click on the market you wish to buy your cryptocurrency on the tab you see on the right.

E.g., If you wish to trade SGD-BTC, click on SGD Markets tab, and under the tab you will see BTC/SGD and click Trade.

Select Pairs and Trade

Step 3: Buying

Choose the type of Buying

3.1. Limit Buy:

A limit order will be filled at or better than a specified price. Any quantity that is not filled rests on the continuous order book until it is filled or canceled.

Limited buy Order

Your Balance: SGD balance left in your account.

Price per BTC: Key in the price to buy for 1 BTC in SGD.

Amount BTC: Key in the amount of BTC to buy.

Time In Force:

  • Good Till Cancelled (GTC): Your order will stay on the order book until they have been completely filled or until you manually cancel it.

3.2 Market Buy

A market order is an order that will be executed immediately and in full by buying or selling from the bids and asks in the order book.

Market buy Order

Your Balance: SGD balance left in your account.

Market: Your order will be filled immediately at the best market price at the time of your order.

Amount: Key in the amount of BTC to buy.

Sell: Once the Amount is filled correctly, you may click on “Buy BTC” to confirm your Total Bid.

Step 4: Confirming Order

Confirm your order.

You will see a confirmation window. Check all details carefully. Please see the trading commission fee here. Click “Confirm” to proceed or “Cancel” to cancel the transaction.

For example: If you would like to buy 0.1 BTC, you can select Market order, enter your quantity as 0.1 and confirm your order. You will then buy 0.1 BTC from the market.

Confirm buy Order

After confirming the order, you will see a green notification at the top of the page indicating that your order has been successfully placed.

Step 5: View your order

Your order will be matched automatically. You may view your order by selecting “Orders” and “Finished Orders“.

Under “Finished Orders“, you are able to view your completed orders.

Review Spot order

Step 6. Cancel buy order

Click on “Pending Orders” to view all of your pending orders.

Cancel Buy Order

Each order will show detailed information such as Date, Market, Side, Order Type, Price, Total Units, Amount, and Filled.
For orders that are still pending, you can click on “Cancel” to cancel your order.