Start trading (desktop)
The following steps will go through the process of executing a simple trade at CPH Crypto. Step 8, however, will cover the more advanced functions that the platform offers in more detail.
Place a trade in only 2 steps
First you need to decide what pair you want to trade. In this example we have chosen BTC/USD as seen in the top left corner below.
If you just want to buy the crypto - you can change the order type by clicking LMT (limit order) to change the order type to MKT (market order). You can read more about the different order types later in this guide.
You can directly enter the desired amount and click "BUY" on the specific trading pair you wish to trade:
Nice! You have just placed your first trade at CPH Crypto.
Advanced trading options
1. Choose a trading pair
If the trading pair you whish to trade is not visible, you first need to choose the trading pair. To choose a trading pair, simply click on Choose CCY on the right-hand side of the trading dashboard and choose a pair to trade.
CPH Crypto currently offers multiple trading pairs against both fiat, BTC, and Tether (USDT). Additional pairs will be added in the future.
2. Choose an order type
Now, there are several types of orders that you can place to trade cryptos on the CPH Crypto exchange. CPH Crypto offers four kinds of order types:
- Limit - an order to buy or sell a coin at a particular price and does not settle.
- Stop limit - an order that executes the submission of a limit order, once the coin reaches a specified price.
- Market - an order that is placed at the current market price thus having has the highest probability of being fulfilled
- Stop market - An order that if the currency reaches the stop price, the order becomes a market order
To choose which type of trade you want to make, simply click on BUY.
Then, you’ll see an overview of the order details. On the right-hand side, you’ll be able to choose an order type. In this example, we’ll be using a limit order:
3. Enter quantity (Qty) and price.
On the right-hand side of the deal ticket, you’ll be able to specify the quantity and price of the trade.
Once you have entered the quantity, price, and order type, it’s time to place the trade.
4. Place trade
Firstly, click Send, and then click Confirm.
Next up, I’ll go through all the different functions that the exchange offers but first, important to get familiar with the different fee models available for clients at CPH Crypto.