NuDEX spot trading lets users complete trades instantly through immediate purchase and sales operations.
This complete tutorial about NuDEX spot trading explains both fundamental principles as well as first trade execution steps and essential tools required for trading on the NuDEX platform.
The real-time trade of cryptocurrencies through spot trading completes transactions without any delay because payments happen in real-time.
Traders who need fast market entry points and exits choose this method since it enables automatic asset deposits into trading accounts upon transaction completion.
The NuDEX platform features essential characteristics for conducting spot trading.
The decentralized finance platform NuDEX creates trading functionality through its design and implements decentralization advantages. Here are some key features:
The NuDEX platform lets traders conduct transactions with various pairs including essential BTC/USDT and ETH/USDT combinations together with MEME tokens.
The platform shows a live order book that displays continuous price changes which allows users to make decisions with updated market information.
All users from novice to experienced traders find NuDEX’s interface simple to understand and operate between transactions.
Users need to understand the order types available on NuDEX when trading effectively.
A Limit Order enables users to determine their desired trading price for buying or selling cryptocurrencies.
A limit order on NuDEX will execute your trade only when the market price matches your specified price therefore providing you price control.
Cardholders who need fast execution should select market orders because they deliver immediate price fulfillment.
Spot trade execution occurs instantly at present market rates to let users complete their orders promptly.
The following procedure explains trading operations on NuDEX.
Step 1
Find spot trading page
Step 2
Choose the token you want to trade, you can search or directly click
Step 3.1 — Limit order
Choose limit order and you have 2 ways to make your order
(1) first enter price and amount (also can grab the bar to set a % of amount), and total cost will be automatically calculated. And then click the ‘Buy’ button.
Notice: Check your available assets to avoid exceeding the amount which will cause trade failure.
First enter price and total cost, and the amount will be automatically calculated. And then click the ‘Buy’ button.
Step 3.2 — Market order
Choose market order:
Enter the amount or grab the % bar. And then click the ‘Buy’ button.
1.You can check your current orders in ‘Open Orders’
2.Type: only limit order in Open Orders
Price: the price of this order to buy or sell
Filled/Total: filled amount / total amount of this order
Filled/Order Value: value of filled amount / total value of this order
You can also cancel this order all all current orders by click ‘Cancel all’ button
You can check your history orders in ‘Order History’
Type: limit order and market order
Price: the price of this order to buy or sell
Filled/Total: filled amount / total amount of this order
Filled/Order Value: value of filled amount / total value of this order
Order No.: the order number can be scanned on chain
Status: the status of this order
You can also click ‘Detail’ to see the details of this order:
This records the actual executed orders for each trade, with each executed order represented as a separate row.
Click on ‘Position’ to view asset details. This section displays all your assets, including total balance, frozen balance, and available balance.
Check the ‘Current Token’ option to display only the assets of the currently traded pair.