The first requirement to trade on NuDEX involves enabling your funds.
This guide will explain why fund enabling is crucial before using the NuDEX platform.
The operation to enable your funds represents an essential aspect of trading on NuDEX.
Trading functions become accessible by unlocking your funds before starting your trading activities. Enabling your funds is essential because it establishes an additional security protection which prevents the platform from accessing your funds unless you grant permission.
Go to the section containing your displayed assets in the platform. Under the category ‘Assets’ or ‘Wallet’ you can find this section.
Locate your target token on the platform then activate the ‘Enable’ button to start trading. Your wallet allows NuDEX to access the required amount of the selected token for trading operations.
You can designate any amount starting from your existing balance when enabling your assets. You can establish trading permissions for upcoming deposits in addition to current ones because of this feature’s flexible structure.
The following steps explain how to activate your funds on NuDEX:
1,Open your NuDEX account to locate the assets or token which you need to trade.
2.After locating your token you should access the ‘Enable’ button in the interface.
3.Specify the desired amount that you want to enable. You can enable a fund amount beyond your present balance to secure future trading needs in case you are not sure about the amount.
4.Verify your transaction then using your wallet to finalize the signature process.
Here’s a video with the step by step process for more clarification:
Users can benefit from enabling funds on NuDEX because there are no associated gas costs for this particular activity. The enable operation exists as a cost-efficient feature which delivers a smooth trading process that remains free of fees.
Scenario 1: You have 10 ETH. You decide to enable 5 ETH. Users gain trading access to 5 ETH when they enable their funds on the platform.
When you allow 1000 ETH to trade despite having currently available funds of only 10 ETH. Users can maintain access to up to 1000 ETH trading capacity through this configuration even though their Ethereum balance might increase or decrease. The functionality avoids requiring performance of an additional fund activation step.
Access the asset management section to modify or adjust cases where your trading needs evolve or you need to change the enabled amount through the ‘Modify’ function. Your transaction requires you to enter the desired new enabling amount which requires a confirmation step.
Create your NuDEX account now.