1. Log in to the CoinTR App and go to the spot trading page.
2. Find the trading pair you want to trade.
For instance, if you want to buy BTC with USDT, click on the BTC/USDT pair.
3. Choose the order type, enter your order details such as price and amount, then click the Buy or Sell button.
CoinTR supports the Limit and Market order types. This article will elaborate on each order type later.
Definition: A Limit Order is an order placed to buy or sell at a specified limit price.
Example: If the current market price for BTC is 25,000 USDT and you plan to buy 1 BTC when the price drops to 23,000 USDT, you can place a Limit Order.
Instructions: Select Limit Order, enter 23,000 USDT in the price box, and enter 1 BTC in the amount box. Click Buy BTC to place the order.
Definition: A Market Order is an order placed to buy or sell at the best available price in the current market.
Example: If the current market price for BTC is 25,000 USDT and you plan to buy BTC worth 1,000 USDT immediately, you can place a market order.
Instructions: Select Market Order, enter 1,000 USDT in the amount box, then click Buy BTC to place the order. The order will typically be filled in seconds.
4.Once the order has been placed, it can be found in the Open Orders section. Once filled, the order will be moved to the Order History and Trade History sections.
The Market Order is matched by the best available price in the current market. Considering price fluctuations, the filled price can be higher or lower than the current price, depending on the market depth.