Trading page

Trading Terminology

Txbit Exchange

It can be overwhelming when you look at the trading page for the first time. There is a lot of information with all different numbers. However, let's keep in mind that trading is about real money. Understandably, you can find it difficult to comprehend all the sections of the trading page, but it will be beneficial when you know what all the information means. Moreover, it is preventing you from bad decisions or doing things without the necessary knowledge.

In this article, we will explain all the sections of the trading page. In the image above, you can see all the sections, which we will explain in detail.

It can be useful to open the trading page to use it as a reference while reading this article.

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.

Market

2

Market information

In this section, you will find a recap of the market. On the right side, you can see an info button. (only visible on wider screens) When clicking on the info button, you will go to the status page of the asset. On the status page, you will find more information about the asset.

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

24H Change: Shows if the price has gone up or down in the last 24 hours for this market. It is possible that there is a difference in price compared to other markets for this asset. Please check all markets before you buy or sell to get the best price for a specific asset.

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.

Trading Txbit

3

Charts

Here you can switch between two different charts: The Standard and the TradingView chart.

4

Buy

In this example, we are buying Solaris with Bitcoin. If you want to sell Solaris for Bitcoin, you will need the the sell form with the red button. For this example we wil be using the buy form as we want to buy Solaris with Bitcoin.

Amount: Set the amount of Solaris that you want to buy. Alternatively, use the slider to select a percentage of your balance.

Price: Set the price in Bitcoin that you want to pay for your Solaris. Did you know that you can also use the order book to set the price? All you have to do is to click on an entry in the order book. The price and amount will be set accordingly. Update the amount to the amount that you want to buy.

Subtotal, Fee, and Total: Gives you information about the value of your order and trading fees.

Trading buy crypto
Trading sell crypto

5

Sell

The sell form works the same as the buy form, and allows you to sell your Solaris for Bitcoin, instead of buying Solaris for Bitcoin.

Amount: Set the amount of Solaris that you want to sell. Alternatively, use the slider to select a percentage of your balance.

Price: Set the price in Bitcoin that you want to get for your Solaris. Did you know that you can also use the order book to set the price? All you have to do is to click on an entry in the order book. The price and amount will be set accordingly. Update the amount to the amount that you want to sell.

Subtotal, Fee, and Total: Gives you information about the value of your order and trading fees.

6

Orderbook - Asks

In the red section of the order book (the ask side), you will find all open sell orders. Orders with the lowest price are at the bottom of the ask side. Orders with the greatest price are at the top of the ask side.

Price BTC: In this example, we have selected the Bitcoin/Solaris market. Therefore, the ask price for one Solaris in Bitcoin is the price you will see in this column. When you hover your mouse over this column, you will see the value of the price in USD.

Amount XLR: This column shows the total amount of Solaris that is for sale at this price level. When you want to buy more Solaris than the total amount for this price, you might need to buy Solaris at various price levels.

Amount BTC: This column shows the Bitcoin value for the total amount of Solaris that is for sale at this price level. When you hover your mouse over the Bitcoin price, it will show you a tooltip with the value of that price in USD.

SUM BTC: This column shows the sum of the Bitcoin value for all previous orders on this side of the order book.

Example:

As an example, we take the first five order book entries in the Solaris market. The SUM BTC of the first order 0.00413132 BTC is equal to the order book entry. The SUM BTC of the second entry is the total of the first entry plus the total of the second entry, in this example: 0.00413132 BTC + 0.00750438 BTC = 0.01163570 BTC and so on.

Trading sell crypto

7

Orderbook - Bids

In the green section of the order book (the bid side), you will find all open buy orders. Orders with the greatest price are at the top of the bid side. Orders with the lowest price are at the bottom of the bid side.

Price BTC: In this example, we have selected the Bitcoin/Solaris market. Therefore, the bid price for one Solaris in Bitcoin is the price you will see in this column. When you hover your mouse over this column, you will see the value of the price in USD.

Amount XLR: This column shows the total amount of Solaris that is asked for at this price level. When you want to sell more Solaris than the total amount for this price, you might need to sell Solaris at various price levels.

Amount BTC: This column shows the Bitcoin value for the total amount of Solaris that is asked for at this price level. When you hover your mouse over the Bitcoin price, it will show you a tooltip with the value of that price in USD.

SUM BTC: This column shows the Bitcoin value for the total amount of Solaris that is asked for at this price level. When you hover your mouse over the Bitcoin price, it will show you a tooltip with the value of that price in USD.

8

Orderbook - Spread

The spread is the difference between the first sell order and the first buy order. In this example the first sell order is priced at 0.00000429 BTC and the first buy order is priced at 0.00000355 BTC:

0.00000429 - 0.00000355 = 0.00000074 BTC

Or in other words: It is the difference between what people are asking (asks) for the asset and what people are willing to pay (bids) for the asset.

Txbit Market history

9

Market history

In this section you will find all trades that are previously made in this market. The date of the trade will become visible when you hover your mouse over the time.

10

My orders

In this section you will find all your orders for this market. Canceling an order is only possible when the order is still open or partially filled.

Type: There are only two types of orders: SELL or BUY, sell is always in red, and BUY is always in green.

Total: In this example, we have an order to sell 30.8664 Solaris.

Filled: When the order is fully open, the order is 0% filled. Your order can also become partially filled. In this column you can see how much of the order is filled, in percentages.

Amount: In this example, we have an order to sell 30.8664 Solaris, but the order is 0% filled. The open amount of the order is 30.8664 Solaris. When the order is filled for 50%, then the open amount is approx 15 Solaris.

Price: The price per one Solaris

Status: This column shows the status of your order (open, filled, or canceled).

Trading Orderbook Depth

11

Orderbook Depth

This section shows both sides (bids and asks) of the order book in a chart where buy orders are in green and sell orders are in red.