How do I trade?

To start trading on the Bsgex you first need funds in your account. See the 'How do I deposit cryptocurrency coins into my Bsgex account?' article for how to deposit funds into your Bsgex account.

There are four ways to trade on the Bsgex exchange:

  1. Instant Buy – instantly buy a coin by matching with an existing order. A step by step example is detailed below.
  2. Instant Sell – instantly sell a coin by matching with an existing order. A step by step example is detailed below.
  3. Open a 'Buy Order' – create a 'Buy Order' for a coin at a specified price and wait for another trader to match with your order. A step by step example is detailed below.
  4. Open a 'Sell Order' – create a 'Sell Order' for a coin at a specified price and wait for another trader to match with your order. A step by step example is detailed below.

 

How do I 'Instant Buy' Coins?
  1. Log in to your Bsgex account.
  2. Click the 'Trade' button in the top menu bar.
  3. Click on an existing order (as an example, it is circled on the screenshot) you wish to buy from the list of current Sell Orders. This will automatically populate the fields ('Price', 'Amount' and 'Total') based on the price already set.
    • You can manually adjust the 'Price' or 'Amount' to what you want to buy. The other fields will automatically be adjusted.
  4. Click the 'Buy BSG' button to complete your order. This will instantly buy these coins (e.g. BSG) and credit them to your Bsgex account using your another coin (e.g. BTC).
    •  

If there are insufficient funds in your account, a 'Trade Notification' will be displayed showing Insufficient funds.

 

How do I 'Instant Sell' Coins?
  1. Log in to your Bsgex account.
  2. Click the 'Trade' button in the top menu bar.
  3. Click on an existing order (as an example, it is circled on the screenshot) you would like to sell from the list of current Buy Orders. This will automatically populate the fields ('Price', 'Amount' and 'Total') based on the price already set.
    • You can manually adjust the 'Price' or 'Amount' to what you want to sell. The other fields will automatically be adjusted.
    • If you want to sell all of your balance, click your available balance just above the button 'Sell BSG' and the order will be adjusted to match your available coins.
  4. Click the 'Sell BSG' button to complete your order. This will instantly sell these coins (e.g. BSG) and credit the another coins (e.g. BTC) to your Bsgex account.

If there are insufficient funds in your account, a 'Trade Notification' will be displayed showing Insufficient funds.


How do I Open a 'Buy Order'?
  1. Log in to your Bsgex account.
  2. Click the 'Trade' button in the top menu bar.
  3. In the 'Buy' box input the amount of the coin you wish to buy – (in the 'Amount' row) and how much you want to pay per coin you are buying – ( in the 'Price' row). The 'Total' will then be automatically calculated.
    • If you want to use your entire balance, click your available balance just above the button 'Buy BSG' and the order will be adjusted to match your available coins.
    • NOTE:  The 'Total' must be greater than the 'Minimum Trade' amount.
  4. Click the 'Buy BSG' button and wait for another trader to match with your order.

To cancel your order, click on the order you wish to cancel in your buy order list and confirm by click 'OK' button.

 NOTE: Hover over the top left corner of 'My orders' box, and click 'Cancel Bids' to cancel all your bid orders, click 'Cancel Asks' to cancel all your ask orders or click 'Cancel All' to cancel all your orders.

 

How do I Open a 'Sell Order'?
  1. Log in to your Bsgex account.
  2. Click the 'Trade' button in the top menu bar.
  3. In the 'Sell' box input the amount of the coin you wish to sell – (in the 'Amount' row) and how much you want to sell per coin you are selling – ( in the 'Price' row). The 'Total' will then be automatically calculated.
    • NOTE:  The 'Total' must be greater than the 'Minimum Trade' amount.
  4. Click the 'Sell BSG' button and wait for another trader to match with your order.

To cancel your order, click on the order you wish to cancel in your sell order list and confirm by click 'OK' button.

 

NOTE: Hover over the top right corner of 'Trade History' box, and click 'All' to view market trades, click 'Mine' to view your trades.