How to trade on CEX.IO

CEX.IO – that cryptocurrency exchangewhich offers not only spot and margin tradingbut also passive income from steaking and storage of funds in a savings account. For trading, the company has developed a handy terminal with all the necessary tools and indicators. Before you start working on the platform, you should read the basics of trading and strategies on our website, as well as study the materials of the help center on the website cex.io. It has information about basic concepts, conditions for creating an account, deposit and withdrawal of funds, tools for work.

Spot trading

Trading – buying and selling digital assets. To perform one of the operations, you need to place an order. You can use the basic types of orders on the platform – market and limit orders. The first involves a transaction to buy or sell coins instantly at the best price. At BTC/USD buying an asset with such an order means specifying the amount of dollars to spend. Selling means selecting the amount of cryptocurrency to sell. The cost is calculated from the top of the list in the order book. Market orders are executed instantly (only if there are no positions in the book it will be dangling) and are not cancelled.

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A limit order is placed to buy below or sell above the market at a certain price. Execution is not available until the requested price matches the opposite order. The order can be canceled at any time prior to execution in full. These operations may be partially executed if the required volume at a given price is not found to cover the entire order. The remainder is open until closed by another order. The portion that remains can be canceled if the balance is returned to the account. The executed portion involved in a limit order is not cancelled or returned. Each market has its own minimum for placing a trade. To place a trade on CEX.IO, you must:

Go to Trade.

On the left side of the chart, select the pair that corresponds to the fiat currency deposited. For example, if you select BTC/USD and click “Buy”, you can buy BTC and sell USD. If you select “Sell” with the same pair, you can buy USD for BTC.

Select the order type. To send a market purchase order, select the “Market” tab and enter the amount of fiat currency. To place a limit order, open the “Limit” tab, specify the amount and the desired price. Press “Place Order”. When the desired price level is reached, the order is executed and coins are added to the balance.

Margin Trading

In margin trading, funds are borrowed to open positions in order to increase the potential profit. The income from trading without leverage is multiplied by its coefficient. This type of trading allows cryptocurrency returns to increase as leveraged funds are used for profits. For this variant of work CEX.IO has developed a website broker.cex.io, where the terminal is available for work and the opportunity to try trading with a demo version, for which no registration is required.

Buy/sell

The service offers instant purchase and sale. Purchase cryptocurrency You can use your bank card or your account on the exchange. When selling digital assets, their equivalent in fiat can be quickly transferred to your bank card. You can make a purchase or sale through a browser on the company’s website or in the company’s mobile app. The feature has the following advantages:

• Reliability. The service freezes the price for 2 minutes to avoid the risk of a price spike.
• Speed. Transactions are completed instantly and funds are credited in seconds.
• Simplicity. Transactions are completed in a few clicks with no extra steps or confirmations.

This service simplifies buying and selling and is based on Fill-or-Kill (FOK) orders. They are executed immediately and in full. CEX.IO guarantees that the user receives no less than the agreed upon amount at the specified price. The service calculates the value and freezes it for 120 seconds. The exchange rate is adjusted to reduce the risks associated with price fluctuations. If there is a sudden jump in the exchange rate, preventing the execution of the transaction on the customer’s terms, he will be notified.

Buying is available on the site through a browser and in the mobile app. The site has a special section where you can choose a fixed amount or specify your option to buy. The minimum amount you can spend is $20. USD (or equivalent in another currency), the maximum – 1000 USD. After specifying the amount, the service will redirect to a page with information about the added card or blank fields to fill in the data of the new card. The sale is available in the mobile app. To do this, you need to select the currency, specify the amount and the card to receive funds. You can also select “My balance” to have the money credited to your CEX.IO account. Buying digital assets is done similarly through the app.

Exchange

CEX.IO service allows not only cryptocurrency tradingbut also to quickly convert funds from one currency to another, even if the exchange does not have the desired pair. Instead of placing orders, you can select an asset from a list and exchange it in a few clicks. If a direct exchange pair is not available, the service uses an intermediate currency that can be converted into an input and output digital asset.

For example, if you need to exchange ETH в XRPThe conversion will be done in two steps: selling ETH for BTC and buying XRP for BTC. You can also exchange funds through the mobile app. For this purpose, at the bottom of the page there is a button “exchange”. You only need to specify the desired currencies and amount to quickly convert funds from one currency to another.