Designed for those seeking more control and flexibility, Advanced Trading provides a comprehensive toolkit for executing precise crypto orders.
How to Access Advanced Trading:
- Log In to Your Account: Begin by logging into your account.
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Navigate to Advanced Trading: Hover over Trade in the top navigation bar and click on Advanced.
Understanding the Order Ticket:
- Order Type: Choose between a Market Order (executed immediately at the current market price) and a Limit Order (executed only when the market reaches your specified price).
- Price Breakdown: View a detailed breakdown of your trade, including the amount, price, fees, and total cost – all calculated in real-time.
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Trade Preview: Before finalizing your order, get a clear preview of what your trade will look like upon execution.
Executing Your Trade:
- Click "Buy" (or "Sell"): Select the appropriate button depending on whether you're buying or selling the selected cryptocurrency.
- Review Trade Confirmation: Carefully review the details of your order in the confirmation window that appears.
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Click Execute: If you're satisfied with the terms, click Execute to place your order. Your trade will be processed immediately (Market Order) or when your specified price is reached (Limit Order).
Congratulations! You've successfully completed your first advanced trade on coinpass. Explore the full range of tools and features available to you on our platform.
Open Orders, Canceled Orders, Trade History and Balances:
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Open Orders: The Open Orders section provides a list of orders that are not filled.
- Example 1: Let's assume that BTC is 25,000 GBP. You can put a Limit Buy at 19,000 GBP. This would be an Open Order as you are waiting to buy at 19,000 GBP.
- Example 2: Let's assume that you own 1 BTC and the Bitcoin's price is 35,000 GBP. You expect it will reach 40,000 GBP. At some point you can place a Limit Order to sell your BTC at 40,000 GBP. This order will be listed as an Open Order until it is filled.
- Canceled Orders: This section provides you with a list of limit orders that have been canceled.
- Trade History: This section provides you with the information of successful trades.
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Balances: The balances section provides a list of your crypto assets and their value in fiat currencies.
Important Notes:
- Market Volatility: Crypto markets are highly volatile. Always assess your risk tolerance before trading.
- Fees: Understand the fee structure associated with advanced trades. You can find details on the coinpass website (click here).
For any technical and account-related concerns, contact us