Spot Order Types
CoinEx provides 4 different order types for Spot Trading: Limit order, Market order, Stop-Limit Order, and Stop-Market Order. For more details, please refer to What Are Spot Order Types
Spot Execution Types
CoinEx provides 4 different order execution types: Always Valid, Immediate or Cancel, Fill or Kill, and Maker Only. For more details, please refer to Introduction to Spot Execution Types
Spot Trading Mechanism
For Maker/Taker trading mechanism, please refer to What Are Maker & Taker
Examples of Spot Order Settings
1. Set Limit Order
a. Maker
To make an example, we want to set a limit order which uses USDT to exchange CET in the CET/USDT spot market:
(1) We suppose the current latest deal price for CET/USDT is 0.076502, and the current 1st place selling price is 0.076502.
(2) Choose 『Limit』order
(3) Set the 『Price: 0.076430』& 『Amount: 500』
(4) Check and confirm the 『 Execution Value: 38.215 USDT』
(5) Click 『Buy CET』to send the order
After the order has been submitted successfully, it will be sent into the market and take the 1st buyer place. When the market price fluctuates to 0.076430, the order will start to be executed step by step. The same for a limit order (Maker) to sell.
b. Taker
To make an example, we want to set a limit order which uses USDT to exchange CET in the CET/USDT spot market:
(1) We suppose the current latest deal price for CET/USDT is 0.075433, and the current 1st place selling price is 0.075507.
(2) Choose 『Limit』order
(3) Set the 『Price: 0.075507』& 『Amount: 99』
(4) Check and confirm the 『 Execution Value: 7.475193 USDT』
(5) Click 『Buy CET』to send the order
After the order has been submitted successfully, because the amount that you want to buy is less than the selling amount of the current 1st place seller, the order will be executed by the price 0.075507 immediately. The same for a limit order (Taker) to sell.
2. Set Market Order
a. Set Market Order to buy
To make an example, we want to use USDT to exchange CET under market price in the CET/USDT spot market:
(1) Observe the market depth of existing sell orders
(2) Choose 『Market Price』order
(3) Set the 『Value: 20 USDT』
(4) Click 『Buy CET』to send the order
After the order has been submitted successfully, it will be sent into the market and executed in sequence on the basis of the market best prices until the order has been completely executed.
If you want to set a large amount of purchase, please pay high attention to the current market depth of existing sell orders to protect yourself from market slippage.
b. Set Market Order to sell
To make an example, we want to sell CET to exchange USDT under market price in the CET/USDT spot market:
(1) Observe the market depth of existing buy orders
(2) Choose 『Market Price』order
(3) Set the 『Value: 50 CET』
(4) Click 『Sell CET』to send the order
After the order has been submitted successfully, it will be sent into the market and executed in sequence on the basis of the market best prices until the order has been completely executed.
If you want to set a large amount of selling, please pay high attention to the current market depth of existing buy orders to protect yourself from market slippage.
3. Set Stop-Limit Order
a. Take Profit
To make an example, we suppose that it will encounter difficulties when the price of CET goes up to 0.15 in the CET/USDT margin trading market, for the purpose of stopping profit, we could set a Stop-Limit order under the long position as follows:
(1) Choose 『Stop-Limit』order
(2) Set the price of 『Stop: 0.15』
(3) Set the price of 『Limit: 0.15』
(4) Set the 『Amount: 375』
(5) Click 『Sell CET』to send the order
After the order has been submitted successfully, it will not be sent to the market immediately. The order would only be triggered when the latest market price reaches 0.15, at this time the order you set before, which is to sell 375 CET at the price of 0.15 each, would be sent into the market automatically and then be executed in sequence. The same for a Stop-Limit order to stop profit under the short position.
None of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets are not enough.
b. Stop Loss
To make an example, under the situation of a liquidation price of 0.013506, we suppose that it will continue falling down when the price of CET has already fallen to 0.07 in the CET/USDT margin trading market, for the purpose of stopping loss, we could set a Stop-Limit order under the long position as follows:
(1) Choose 『Stop-Limit』order
(2) Set the price of 『Stop: 0.07』
(3) Set the price of 『Limit: 0.07』
(4) Set the 『Amount: 375』
(5) Click 『Sell CET』to send the order
After the order has been submitted successfully, it will not be sent to the market immediately. The order would only be triggered when the latest market price reaches 0.07, at this time the order you set before, which is to sell 375 CET at the price of 0.07 USDT each, would be sent into the market automatically and then be executed in sequence. The same for a Stop-Limit order to stop loss under the short position.
None of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets are not enough.
4. Set Stop-Market Order:
a. Take Profit
To make an example, we suppose that it will encounter difficulties when the price of CET goes up to 0.15 in the CET/USDT margin trading market, for the purpose of stopping profit, we could set a Stop-Market order under the long position as follows:
(1) Choose 『Stop-Market』order
(2) Set the price of 『Stop: 0.15』
(3) Set the 『Amount: 375』
(4) Click 『Sell CET』to send the order
After the order has been submitted successfully, it will not be sent to the market immediately. The order would only be triggered when the latest market price reaches 0.15, at this time the order you set before would be sent into the market automatically and then be executed in sequence by the market prices until the order has been executed completely. The same for a Stop-Market order to stop profit under the short position.
None of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets are not enough.
b. Stop Loss
To make an example, under the situation of a liquidation price of 0.013506, we suppose that it will continue falling down when the price of CET has already fallen to 0.07 in the CET/USDT margin trading market, for the purpose of stopping loss, we could set a Stop-Market order under the long position as follows:
(1) Choose 『Stop-Market』order
(2) Set the price of 『Stop: 0.07』
(3) Set the 『Amount: 375』
(4) Click 『Sell CET』to send the order
After the order has been submitted successfully, it will not be sent to the market immediately. The order would only be triggered when the latest market price reaches 0.07, at this time the order you set before would be sent into the market automatically and then be executed in sequence by the market prices until the order has been executed completely. The same for a Stop-Market order to stop loss under the short position.
None of your assets would be frozen when you submit an order, but once the order has been triggered, it would not be successful if your available assets are not enough.
