Making your first trade on the NBX platform is easier than it may seem.
Take buying Bitcoin, for example.
Once you log in to your NBX account, click on Markets, which will show you all options for trading via the NBX platform. Let’s say you want to buy Bitcoin with NOK. To do that, click on the BTC/NOK market.
Remember that the Market order refers to buying Bitcoin immediately at the current price as denominated in NOK, while the Limit order lets you set a price that you want to wait for.
Making a trade with Market order
Let’s say you choose a Market order.
At this point, all you need to do is type the amount of Bitcoin you want to buy in the field that says “0 BTC” above and then click “Buy BTC.”
From there, your trade will go through. It will appear in the order book on the right, and once there will be a seller to sell you the designated amount of BTC for the price desired, your order will be matched and executed.
Making a trade with Limit order
With limit orders, there’s only a small difference.
In this case, you’d select a price in NOK that you want to wait for. When doing so, keep in mind that a limit order refers to setting a lower price than an asset currently has and waiting for it. Once you decide on the price desired, click “Buy BTC”.
Once your limit price is reached during, your buy will execute. If not, your can cancel your order and you won’t lose anything during the process.
Both market and limit orders can be executed as sells as well, which means you can choose to sell cryptocurrency at the current price or a future price that you set.
Keeping in mind all of the above, you know now how to trade any market on the NBX exchange. If, however, you have any more questions, you can always contact our Customer Success team.