Basic Trade interface is for traders who just started in crypto currencies and want to do buy/sell with minimum fuss. Only type of order allowed is limit order to avoid slippage. To open Basic Trade, click on its title at the top left of your dashboard.
To use Basic Trade interface, you will need to pay attention to the chart, the Offers to Sell list, and the Offers to Buy list. The lists detailed all offers (live limit orders) available on the market at the moment and are basically a different version of the orderbook displayed at Advanced Trade.
Basic Trade interface is divided into three big vertical blocks:
- Chart and basic info of tokens
- BUY and offers to sell (what people are selling you)
- SELL and offers to buy (what people are willing to buy from you)
In the first block, type the token you want to buy or sell in the Search field, then click on the option shown underneath once it is narrowed down to the exact token you need. Then, choose the funding currency (what you want to buy or sell with) between BTC, ETH, or QASH.
In the BUY and SELL blocks, the offers to sell and buy are sorted from best (lowest selling price and highest buying price) to worst.
By default, orders placed using Basic Trade interface are of the limit type, which means you need to choose quantity AND price. Your price needs to be better than market price. For example if you want to buy, you need to enter for price a number lower than market price, and if you want to sell, you need to enter a number higher than market price.
You can also click on an offer that has the price you want. The price and quantity will be populated automatically.
Then, choose how much you want to buy or sell (Amount to Buy/Sell). Your can click the 100% button to see how much you can buy or sell with all of your balance. 25%, 50%, and 75% are popular choices for easier trading. System will estimate the cost of your order in the Debited field.
Remember, Debited is only estimated and does not guarantee the final cost of your order.
Then, click Buy or Sell to complete your order.