Tutorials: How to trade tokens on the DEX
First of all, download and install the Waves Lite Client.
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.
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.
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.
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.
Once it's done a pop-up will tell you.
Note: you can't cancel a filled order!