Difference between revisions of "Tutorials: How to trade tokens on the DEX"

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{{#seo:
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|title=How to trade on the DEX
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|titlemode=replace
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|keywords=Waves,Wiki,Platform,crypto,tutorial,guide,howto,wallet,lite,token,exchange,Dex,trading
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|description=A tutorial on how to trade using the Waves Decentralized Exchange (DEX).
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}}
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<languages/>
 
<languages/>
 
<translate>
 
<translate>
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<!--T:1-->
 
<!--T:1-->
The [[Features#Waves_Decentralized_Exchange| Waves DEX]], a decentralized exchange within the Waves Lite Client, allows you to buy, sell or exchange every asset existing within the Waves Platform.
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The [[Features#Waves_Decentralized_Exchange| Waves DEX]], a decentralized exchange within [[Tutorials:_The_User_Interface| the Waves Lite Client]], allows you to buy, sell or exchange every asset existing within the Waves Platform.
  
  
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<!--T:4-->
 
<!--T:4-->
Remember that exchanging a token on the DEX costs you 0.003 WAVES in transaction fees. You can get some from the [http://wavesdrop.com/ Wavesdrop faucet] or buy WAVES with Bitcoin from an [[Sources_and_Services#Exchanges|exchange]]. Alternatively, you can [[Tutorials:_How_to_deposit_and_withdraw_Bitcoin#How_to_deposit_through_credit_card|buy WAVES at a premium directly with a credit card in the Waves Lite Client]].  
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Remember that exchanging a token on the DEX costs you 0.003 WAVES in transaction fees, at the moment. You can get some from the [http://wavesdrop.com/ Wavesdrop faucet] or buy WAVES with Bitcoin from an [[Sources_and_Services#Exchanges|exchange]]. Alternatively, you can [[Tutorials:_How_to_deposit_and_withdraw_Bitcoin#How_to_deposit_through_credit_card|buy WAVES at a premium directly with a credit card in the Waves Lite Client]].  
 +
 
  
 
== How to trade on the DEX == <!--T:5-->
 
== How to trade on the DEX == <!--T:5-->
  
<!--T:5-->
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<!--T:6-->
After you have logged into your account, go to the [[Tutorials:_The_User_Interface#Tokens_Creation_Tab|WAVES Decentralized Exchange Tab]] and you'll see the following window.
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After you have logged into your account, go to the [[Tutorials:_The_User_Interface#Waves_Decentralized_Exchange|WAVES Decentralized Exchange Tab]] and you'll see the following window.
  
<!--T:6-->
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<!--T:7-->
 
[[File:DEX Tab.png|800px]]
 
[[File:DEX Tab.png|800px]]
  
<!--T:7-->
 
By default, the Exchange shows you the WAVES/BTC pairs.
 
  
This screen will show you information about the price évolution of the pairs.
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<!--T:8-->
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By default, the Exchange opens on the WAVES/BTC pairs.
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<!--T:31-->
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This screen will show you information about the price evolution of the pairs.
  
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<!--T:9-->
 
{|
 
{|
 
|'''Buy order''':
 
|'''Buy order''':
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|-
 
|-
 
|'''Sell order''':
 
|'''Sell order''':
|Shows you the existing buy order.   
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|Shows you the existing sell order.   
 
|-  
 
|-  
|'''Trade history''':
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|'''Trade History''':
 
|Shows you the lasts matching trades.
 
|Shows you the lasts matching trades.
 
|-
 
|-
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|}
 
|}
  
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== How to Change the tradable Pairs == <!--T:10-->
  
=== How to Change the tradable Pairs === <!--T:8-->
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<!--T:11-->
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To change the pairs, choose one from the 'favorites' panel on the right or enter an asset name in the text field.
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A autocomplete dropdownmenu will appear, simply select the Token you would like to trade.
  
<!--T:9-->
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<!--T:12-->
to change the pairs, choose the one you want from the favorite pannel on the right or replace the assets name in the text form above by the name of the pair you want.
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[[File:DEX asset scroll menu.png|800px]]
  
  
a scrolling menu will show with the name of all the assets tradable on the DEX.
 
  
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<!--T:13-->
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You will notice some coins are accompanied with a [[Verified_Assets| green mark]]. This indicator is shown when a token has been verified and approved by the Waves Team.
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The verification is currently processed by the Waves team. In the future, it should be done by [[#Waves_Community_Token_(WCT)|WCT holders]].
  
<!--T:10-->
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<!--T:32-->
[[File:DEX asset scroll menu.png|800px]]
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'''When assets are not accompanied by a [[Verified_Assets| green mark]], double check the Asset ID to make your you have the correct token.'''
  
as you can see some have a green mark on the left, it's to aknownledge you that they have been verified and approved by the community.It gives them more legitimacy.that don't mean that the others don't are tradable or are scam or shitcoin, just that the community don't back it for the moment. For the moment the process of verification is done by the Waves team, in the future it should be done by the [[Free_Tokens_in_your_Waves_Wallet#Waves_Community_Token_.28WCT.29|WCT]] holders
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== How to Make an order == <!--T:14-->
'''When the assets don't have a green mark, double check to be SURE that's the ones you want to trade.'''
 
  
=== How to Make an order === <!--T:11-->
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<!--T:15-->
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After you have selected the pairs you want to trade.
  
<!--T:11-->
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<!--T:16-->
after you have selected the pairs you want to trade.
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Here WCT/WAVES for example.
  
Here WCT/WAVES for example.
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<!--T:17-->
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You have to fill your order. For that, you have two possibilities:
  
you have to fill your order.for that, you have two possibilities:
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<!--T:33-->
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- Fill an existing order.
  
Fill an existing order.
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<!--T:34-->
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- Create a new order.
  
Create a new order.
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===Fill an existing order=== <!--T:18-->
  
====Fill an existing order====
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<!--T:19-->
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To do so, just click on the order you want to fill in the buy/sell order panel.
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It will automatically fill the right blank form. After you have verified the information, just click on '''BUY''' or '''SELL''' button to submit it.
  
for that just click on the order you want to fill in the buy/sell order panel.
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===Create a new order=== <!--T:20-->
It will automatically fill the right blank form and after, you have verified it, just click on '''BUY''' or '''SELL''' button to submit it.
 
  
====Create a new order====
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<!--T:21-->
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Go to the buy/sell form and fill the form.
  
go to the buy/ sell form and fill the form.
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<!--T:22-->
 
{|
 
{|
|'''price in waves''':
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|'''Price in Waves''':
|Put the price you want to sell/buy your WCT.
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|Put the price you want to buy/sell your WCT.
 
|-
 
|-
 
|'''Waves Community Amount''':
 
|'''Waves Community Amount''':
|Put the amount of WCT you want to sell/buy.  
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|Put the amount of WCT you want to buy/sell.  
 
|-  
 
|-  
 
|'''Total''':
 
|'''Total''':
|show you the amount of WAVES you will earn/Spend.
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|Shows you the amount of WAVES you will spend/earn.
 
|-
 
|-
|'''fees''':
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|'''Fees''':
|show you the amount of WAVES the trade will cost you in fees.  
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|Shows you the amount of WAVES the trade will cost you in fees.  
 
|}
 
|}
  
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<!--T:23-->
 
After you have verified all the information click on '''BUY''' or '''SELL''' to submit the trade.
 
After you have verified all the information click on '''BUY''' or '''SELL''' to submit the trade.
  
  
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<!--T:24-->
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Once the order is created a pop-up, in the right corner, will tell you so and the order will show in My orders.
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<!--T:25-->
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[[File:Order submit dex.png|600px]]
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<!--T:26-->
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Another pop-up will show once the order is filled, and the transaction will be shown in your transaction history.
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== How to cancel an order == <!--T:27-->
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<!--T:28-->
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If you want to cancel an order click on the cross at the right of it in '''My orders'''.
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<!--T:29-->
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[[File:Cancel an order.png|600px]]
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<!--T:30-->
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Once it's done a pop-up will tell you.
  
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<!--T:35-->
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'''Note: you can't cancel a filled order!'''
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</translate>
 
</translate>

Latest revision as of 10:52, 11 July 2017

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The Waves DEX, a decentralized exchange within the Waves Lite Client, allows you to buy, sell or exchange every asset existing within the Waves Platform.


First of all, download and install the Waves Lite Client.

After you have done so, create a new or import an existing account and find your address at the top of the Lite Client interface.

Remember that exchanging a token on the DEX costs you 0.003 WAVES in transaction fees, at the moment. You can get some from the Wavesdrop faucet or buy WAVES with Bitcoin from an exchange. Alternatively, you can buy WAVES at a premium directly with a credit card in the Waves Lite Client.


How to trade on the DEX

After you have logged into your account, go to the WAVES Decentralized Exchange Tab and you'll see the following window.


DEX Tab.png


By default, the Exchange opens on the WAVES/BTC pairs.

This screen will show you information about the price evolution of the pairs.

Buy order: Shows you the existing buy order.
Sell order: Shows you the existing sell order.
Trade History: Shows you the lasts matching trades.
Buy Waves: Allows you to make a buy order.
Sell Waves: Allows you to make a sell order.
My Orders: Shows your lasts matching trades.

How to Change the tradable Pairs

To change the pairs, choose one from the 'favorites' panel on the right or enter an asset name in the text field. A autocomplete dropdownmenu will appear, simply select the Token you would like to trade.

DEX asset scroll menu.png


You will notice some coins are accompanied with a green mark. This indicator is shown when a token has been verified and approved by the Waves Team. The verification is currently processed by the Waves team. In the future, it should be done by WCT holders.

When assets are not accompanied by a green mark, double check the Asset ID to make your you have the correct token.

How to Make an order

After you have selected the pairs you want to trade.

Here WCT/WAVES for example.

You have to fill your order. For that, you have two possibilities:

- Fill an existing order.

- Create a new order.

Fill an existing order

To do so, just click on the order you want to fill in the buy/sell order panel. It will automatically fill the right blank form. After you have verified the information, just click on BUY or SELL button to submit it.

Create a new order

Go to the buy/sell form and fill the form.

Price in Waves: Put the price you want to buy/sell your WCT.
Waves Community Amount: Put the amount of WCT you want to buy/sell.
Total: Shows you the amount of WAVES you will spend/earn.
Fees: Shows you the amount of WAVES the trade will cost you in fees.

After you have verified all the information click on BUY or SELL to submit the trade.


Once the order is created a pop-up, in the right corner, will tell you so and the order will show in My orders.

Order submit dex.png

Another pop-up will show once the order is filled, and the transaction will be shown in your transaction history.

How to cancel an order

If you want to cancel an order click on the cross at the right of it in My orders.


Cancel an order.png


Once it's done a pop-up will tell you.

Note: you can't cancel a filled order!