In this video, Mike explains how to place Market and Limit Orders on the Kinesis Exchange, so you can buy and sell gold and silver at the price and timing that suits your strategy.
Market order: buy or sell instantly at the current market price. Find out more in this article.
Limit order: buy or sell at a specific price you set, executed only when the market reaches it. Find out more in this article.
Learn what other order types are available on the Kinesis Exchange in this article.
How to place a market order trade
Step 1: Click on the Exchange tab in the left-hand navigation panel and select the currency market you wish to view by choosing the trading pair from the list of available markets. (For this example, we will be trading ETH/USD).
Step 2: Toggle between buying or selling an asset, and choose whether you'd like to place a limit order or market order. (In this example, we will be placing a Market order).
Enter the quantity you wish to buy, or specify the amount you want to spend on the order. The total value, including fees, will be displayed above the order button on the right-hand side.
Press the Place buy order button to execute the trade.
Note: This guide demonstrates just one method for initiating a new order.
Step 3: A confirmation pop-up will appear, displaying the details of your trade execution, including the order type, trading pair, quantity, price, execution fee, and total amount paid.
Step 4: Your post-trade balance and trade history will be displayed. You will also receive an email with the details of your trade.