How to buy and sell cryptocurrencies on Emirex

Last updated June 29, 2021

Before you can start buying and selling, you'll need to deposit fiat funds or crypto into your Emirex account.

Once your account is funded, you can use this guide to place your first order!

Note: Emirex has numerous trading options and order types. To help keep things simple, this article will review our instant buy option and cover a basic Market or Limit order as well.

Instantly buy crypto on Emirex

The quickest way to buy, sell and convert crypto instantly is using the ‘Buy Crypto’ button at the top of the page. Not all cryptocurrencies will be available via this option. Transactions using the Instant Buy/Sell Services are subject to fees. You are presented with the applicable fees after selecting ‘preview buy’ before entering into the transaction. 

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Trading on the exchange

1. Select currency pair

First you’ll need to know what assets you would like to exchange, for example buying Bitcoin with your USD, or selling Ether (ETH) for euros. After you know which pairs you’ll be trading, you can select them after clicking top left corner “Markets” tab 

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1.2 Other ways to select currency pair

You can also select currency pair from "Trade" tab and choose spot or Instant exchange

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What is Emirex Instant  Exchange?

Instant Exchange – is a type of trading terminals on the exchange. This one-click buy/sell service created to make the trading process more simple and convenient for our customers.

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What is Spot trading

A detailed information about spot trading interface is written here

2. Fill out order form

After selecting your trading pair,  Scroll down to the trade orders sections

Here you’ll order panel and the option to use a market or limit order. Before we input values into these boxes, knowing how a market or limit order works is necessary.

Example:

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market order is meant for immediate execution, as it will match with limit orders that are already available on our order books.

Limit orders will execute at the price you’ve set or better, once the market reaches your limit price. 

3. Submit order

Once you’ve decided on if you’re looking for a market or limit order, you can select amount which you want to trade.

After things look good you just need to press  buy/sell button and your order will be placed in the order book.

4. Wait for order execution

If a market order is selected, the trade will happen instantly and your balance will change. Funds can be withdrawn or used to trade again right away. You can view successfully executed (closed) market orders on the "Orders" tab.

Limit orders may not be filled right away but you can view their status in the "Orders" tab. 

If your order has not yet been executed you are able to cancel the order.