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Trading Terminology (classic)

To reduce the risk of errors, we advise all customers to review our tutorials, such as this guide on how to trade.

However, please note that if you do not plan to place orders imminently, you should always store your crypto in your own wallet. Exchanges are not banks! Deposit, trade, and withdraw - this is the recommended process for everyone to follow.

Please carefully follow the instructions during trading.

How to trade?
Trading crypto markets

1 Markets

With this button, you can switch between trading markets. On the left side, you can choose between several base assets, like Bitcoin, Ethereum, and Tether. On the right side of the page, you can select the asset that you want to trade and view the price, volume, and 24H change for that trading pair.

Trading information

2Market information

In this section, you will find a summary of the market. On the right-hand side, there is an info button (only visible on wider screens). Clicking on this button will take you to the asset's status page where you can find more detailed information about it.

Price
The price is the last buy or sell price of the last order in this market.

24H Change
This indicator shows whether the price of the asset has increased or decreased in the last 24 hours for this market. Note that the price may differ across different markets for the same asset. To get the best price for a specific asset, we recommend checking all markets before buying or selling.

High
Shows the best price in the last 24 hours for this market.

Low
Shows the lowest price in the last 24 hours for this market.

24H Volume
The total volume over the last 24 hours for this market in base currency, for example, BTC or USDT.

Trading charts

3 Charts

You can switch between two different charts here: the Standard chart and the TradingView chart.

4Buy

In this example, we will be buying Txbit Token with USDT. If you want to sell Txbit Token for USDT, you will need to use the sell form with the red button. For this example, we will be using the buy form as we want to buy Txbit Token with USDT. At the top right, you can see your available balance.

Amount
Enter the quantity of Txbit Token you wish to purchase. Alternatively, use the slider to select a percentage of your available balance.

Price
Set the price in USDT that you want to pay for one Txbit Token. This is not the total price, but the price per coin. Tip: You can also use the order book to set the price. Just click on an entry in the order book and the price and amount will be set automatically. Don't forget to update the amount to the desired quantity you want to buy.

Subtotal, Fee, and Total
This section provides information about the value of your order and the trading fees.

Txbit buy
Txbit sell

4 Sell

The sell form works in the same way as the buy form, but it allows you to sell your Txbit Tokens for USDT instead of buying Txbit Tokens for USDT. At the top right, you can see your available balance, which shows the number of Txbit Tokens you currently have (1653 Txbit Tokens).

Amount
Enter the amount of Txbit Tokens you wish to sell, or use the slider to select a percentage of your available balance.

Price
Enter the price in USDT that you wish to receive for each Txbit Token you sell. Keep in mind that this is not the total amount you'll receive, but rather the price per coin. You can also use the order book to set the price by clicking on an entry. The amount and price will automatically update. Make sure to enter the amount of Txbit Token you want to sell.

Subtotal, Fee, and Total
This provides information about the total value of your order, including the trading fees that will be charged for the transaction.

4Orderbook - Asks

In the red section of the order book (also known as the ask side), you can see all open sell orders. The lowest priced orders are listed at the bottom of the ask side, while the highest priced orders are listed at the top. The order book provides a real-time view of open sell orders and is subject to frequent updates.

Txbit orderbook asks

Price USDT
In the first column, you see the asking price for one Txbit Token. Or in other words: Someone is willing to sell Txbit Token for 0.00054900 USDT per Txbit Token.

Amount Txbit Token
The second column displays the total quantity of Txbit Token available for sale at the corresponding price level. If you wish to purchase more Txbit Tokens than the total quantity available at this price level, you may need to buy them at multiple price levels.

Amount USDT
The third column shows the USDT value for the total amount of Txbit Token that is for sale at this price level. In this example, there are 8903 Txbit tokens for sale in one order for a total of 4.8821925 USDT.

SUM USDT
The fourth column shows the cumulative USDT value of all previous orders on this side of the order book. This means that it represents the total amount of USDT that would be needed to buy up to that point in the order book, including the current order. For example, if we take the first five order book entries in the Txbit Token market, the cumulative USDT value of the first entry is equal to the USDT value of that entry. The cumulative USDT value of the second entry is the total of the first entry plus the total of the second entry, in this example: 4.8821925 USDT + 43.37900452 USDT = 48.26119702 USDT, and so on.

4Orderbook - Bids

In the green section of the order book (the bid side), you will find all open buy orders. Orders with the highest price are at the top of the bid side, while orders with the lowest price are at the bottom of the bid side. The order book provides a real-time view of the open buy orders and can change at any moment.

Orderbook Txbit bid

Price USDT
In the first column, you see the bid price for one Txbit Token. The highest price is on top and the lowest price is on the bottom. This example shows the best buy order for 0.00054000 USDT per coin. Amount Txbit Token
The second column shows the total amount of Txbit Tokens for that specific buy order. In other words, there is someone who wants to buy 55444.4444 Txbit Tokens.

Amount USDT
The third column shows the USDT value of the buy order, which represents the total amount of USDT that someone is willing to pay for the specified amount of Txbit Tokens at the given price. In this example, the total order value is 299.3999998 USDT for 55444.4444 Txbit Tokens at a rate of 0.0005400 USDT per Txbit Token. SUM USDT
The fourth column shows the sum of the USDT value for all previous orders on this side of the order book. This works the same way as the asks order book, only now from top to bottom.
Txbit Orderbook spread

4 Orderbook - Spread

The spread is the difference between the highest sell order (best sell order) and the lowest buy order (best buy order). In the screenshot, the best sell order is priced at 0.00054955 USDT and the best buy order is priced at 0.0005400 USDT, resulting in a spread of 0.00000955 USDT.

Best sell order = 0.00054955
Best buy order = 0.0005400 -
Spread = 0.00000955 USDT

5Market history

The market history displays all the trades that have been executed in this market. Each row represents a completed trade, and the columns provide additional details. The first column shows the type of order (green for buy orders and red for sell orders). The second column displays the time when the order was filled. The third column shows the price at which the order was executed. Finally, the last column indicates the amount of Txbit Tokens that were traded.

You can view the date of a trade by hovering your mouse over the time in the second column of the market history.

In the market history, you can use the filter option to choose between two options:

  • Buy: show only buy orders (displayed in green)
  • Sell: show only sell orders (displayed in red)

Txbit market history
Txbit my orders

6 My orders

This section shows all your orders in the market, whether they are buy or sell orders. Please note that the amount of your open orders will not be reflected in your balance on the dashboard. Cancel open order
There are two ways to cancel orders: you can click the red cross next to the order, or you can use the "Cancel open orders" button to cancel all open orders at once. It's important to note that you can only cancel an order that is still open or partially filled.

Type
The order book displays two types of orders: sell orders are shown in red, and buy orders are shown in green. In the provided screenshot, two sell orders are currently open.

Total
The second column in the order book shows the quantity of Txbit Tokens per order. In the given screenshot, there are two open sell orders: one for 150 Txbit Tokens and the other for 100 Txbit Tokens.

Filled
The third column shows the status of the order, indicating whether it is fully open, partially filled, or completely filled. In the screenshot, the two sell orders are still 100% open, meaning they have not been filled yet.

Amount
The amount shown in the third column will change as the order is filled. If the order for 100 Txbit Tokens is partially filled to 50%, then the open amount will be 50 Txbit Tokens.

Price
The price listed in this column refers to the cost of a single coin, not the total price of the order.

Date
This column displays the date and time when the order was placed.

Status
The last column shows the status of the order: Open, filled, or canceled.

Troubleshooting

Order minimum

To place an order on Txbit, the SubTotal must be 0.0005 or higher. If the SubTotal is below this threshold, the Buy and Sell buttons will not be active, and you won't be able to place an order.

Trading fee

Click here to find more information about the actual fee rates.

Tip! Responsible trading

Consider reading our responsible trading guidelines , which can be helpful for both beginners and experienced cryptocurrency traders. It is important to regularly review and reinforce good trading practices to ensure responsible trading habits.

Troubleshooting
Txbit support ticket

Create a support ticket

Did this information not help you to resolve your issue on your own? Receive help from our experts by creating a support ticket.

It is important that you fill out all the requested information to ensure that your ticket is processed quickly. We strive to solve support tickets within 24 hours.

Create support ticket