❓How to Do the Spot Trading?

How to Do the Spot Trading?

A spot trade is a simple transaction between a buyer and a seller to trade at the current market rate, known as the spot price. The trade takes place immediately when the order is fulfilled.

Users can prepare spot trades in advance to trigger when a specific spot price is reached, known as a limit order. You can make spot trades on idax through our trading page interface

Making a Spot Trade On the idax Website

1. Visit the idax website and click [Login] at the top right corner.

2. Click on any cryptocurrency on the home page to go directly to the corresponding spot trading page. You can find a larger selection by clicking [View more markets] at the bottom of the list.

3. Let’s look at buying some ARDX. At the top of the idax home page, click on the [Trade] option.

Go to the buying section to buy ARDX and fill in the price and the amount for your order. Click on [Buy ARDX] to complete the transaction.

The default order type is a limit order. If traders want to place an order as soon as possible, they may switch to [Market] Order. By choosing a market order, users can trade instantly at the current market price.

If the market price of ARDX/MNT is at 20, but you want to buy at a specific price, for example, 10, you can place an [Limit] order. When the market price reaches your set price, your placed order will be executed.

The percentages shown below the ARDX [Amount] field refer to the percentage amount of your held MNT you wish to trade for ARDX. Pull the slider across to change the desired amount.

How to Resolve Order Issues

Occasionally you may encounter problems with your orders when trading on idax. We can divide these into two categories:

1. Your trade order is not executing

Check the selected order’s price in the open orders section. Verify whether or not it has matched a counterparty’s order (bid/ask) with this price level and volume.
If you would like to expedite your order, consider canceling it from the open orders section and submitting a new order at a more competitive price. For a quick settlement, you may also consider using a market order.

2. Your order has a more technical issue:

Issues like the inability to cancel your orders or coins not being credited to your account require further support. Please contact our Customer Support team and provide screenshots that’ll document: