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How to Buy and Sell Cryptocurrency
How to Buy and Sell Cryptocurrency

Brief overview of how to use the Trade, Bundle and Convert features to buy and sell crypto on Cube.Exchange

Updated over 7 months ago

There are several ways to buy or sell crypto on Cube Exchange.


CONVERT

The simplest way is utilizing the Convert Function.

Convert, allows you to instantly swap between assets for any market. Convert orders take the best price offered for a buy or sell on Cube Exchange order book, effectively a market order.

Simply select the asset you’d like to trade for in bottom of the Convert Box, and enter how much you’d like to buy in either asset amount section.

For example: To buy SOL with USDC, it would look like this:

You can utilize the helpful pre-set amount buttons above the asset you’re selling, ranging from 25%, 50%, 75%, and 100% of your available balance, which is displayed as ‘Max’.

To quickly toggle between buying and selling between a trading pair, click the middle arrow to flip between them.


BUNDLE

Bundles allow quickly buying a basket of popular assets. Currently, a variety of bundles are available, such as Conservative, Balanced, Aggressive, and BTC/SOL. More bundles will continuously get added. Simply select the bundle of assets you’d like to purchase, enter the amount of USDC you wish to spend, and click ‘buy’. An predetermined amount of each asset in the bundle you selected will be purchased.

Below, in the Aggressive bundle, a USDC buy will split into purchases of 20% BTC, 30% ETH and 50% SOL.


TRADE

The Trade page is a more advanced way to buy and sell assets.

In the trading page, navigate to the market of your choosing from the top left drop down.

Click the star icon to add a market to your favorites and save it on your left-side navigation bar for quick access in the future.

The Trade Form, located on the right side panel, is used for placing orders. Although, there are other tools available, covered in Advanced Trading, the trade form is the most common.

At the top of the form, select between Buy or Sell and Market or Limit order types. A market order will immediately execute for a given size at the best price available at the time. A limit order contains a specific price, if the order book can match a trade at that given price, or better, then it will execute at the best price available up to the set price. If not, then a limit order will rest on the order book until it is filled by another trader. There are also special options for limit orders, such as Post Only vs Allow taker, which are covered in Advanced Trading (Coming soon).

An example of a limit order to buy 0.14 SOL at a $65 price would look like:

At the time of writing this, the best SOL offer is at price 67.6 USDC. So, this limit order will rest on the bid side of the order book, becoming an open order, until it’s filled by another trader for the set 65 SOL price.

Note that open orders are removed from your available balances. So, if you’d like to place another trade or withdraw these funds, you would first need to cancel the order.

The BID, MID, and ASK buttons above the Limit Price box are quick references to set prices relative to current order book conditions.

  • BID: sets the price equal to the current best bid(buy) offer on the order book

  • MID: sets the price equal to the middle of best bid(buy) and ask(sell) orders on the book

  • ASK: sets the price equal to the current best ask(sell) offer on the order book

The Chart and Order Book visualizations provide information about your position and open orders. As a result of the trade above, you can see my Limit Buy order at 65 USDC/SOL on the chart. You can cancel this order by clicking the red ‘x’ next to the amount, or edit the order price by dragging and dropping the line at a new height/price on the chart.

Once a trade is complete, an update is reflected in your Positions tab, on the bottom panel, and Portfolio page, accessible from the lefthand navigation bar.

Balances = Total deposits, including open orders

Available = Total deposits available for trading, minus open orders.

  • Deposits in open orders are not available for further trading, since they are accounted for already. You can cancel open orders at any time to return funds to available balances.

You can adjust setting such as allowable slippage %, Execution Type, Time in Force, and Trade Confirmation in the drop down box directly above the buy/sell button. Definitions covered in Advanced Trading.


If you have any issues or questions please don’t hesitate to contact us via chat or email support at [email protected]

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