NetCents

Search our help centre or submit a support request.

How to place an order on NetCents Exchange

Follow

If you’ve never bought digital currency before, you’re in the right place. This guide will go through the process step-by-step.

  1. You’ll need to have fiat currency already loaded into your NetCents Wallet. To learn how to do this, click here. Once the fiat amount has been successfully loaded into your account, it’ll appear on the home page in your wallet.

  2. To buy digital currency, you’ll need to navigate to the NetCents Exchange, which can be seen as the second option in your dashboard.

 

1.png

 

3. Scroll to the bottom of the Exchange page, where you’ll see an option to buy or sell digital currency.

 

2.png

 

4. To the left of the buy/sell box, you’ll see a column of different fiat and digital currency pairings. The currency listed before the slash (/) represents the currency you want to buy. The currency listed after the slash (/) represents the currency you will be used to pay for the order.

 

3.png

 

For each pairing, you’ll be able to see the current market rate. In this example, 1 bitcoin is $9,557.35 USD. To the right. you can also see the most recent buy orders. The prices paid for each transaction are typically within a few dollars of each other.

 

5. As you can see, there are two options to buy digital currency. When you buy at the market rate this means that you’re getting the market value on the NetCents Exchange. Market orders will be processed immediately at the current market rate. In this example, once you type in the amount of BTC you want to buy, you’ll see the availability of your USD decrease.

 

4.png

 

6. The second option is placing a limit buy order. This means that you’re deciding the exact amount you’re willing to spend for the digital currency you want to buy. When filling out the fields, consider that the price you’re inputting is the price you would pay for 1 unit of the currency. In the example below, we’re indicating that we want to buy .5 BTC at a rate of $9,000 USD per BTC. As you can see, it automatically lets us know that the total we would spend is $4500 USD.

 

 

5.png

 

7. After you’ve submitted a limit buy order, you will need to wait until there is a seller available who meets the price requirements set in your order. If you’ve input a rate lower than the current market price this means that your order will most likely be pending until the market rate drops. It’s impossible to determine how the rate will fluctuate, so consider this factor before placing your buy order.

 

6.png

 

The trading fee for each order is .25%.

Was this article helpful?
0 out of 0 found this helpful

Comments