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How do I buy or sell crypto?

  • Updated

You buy and sell crypto on the Amdax website and in the Amdax app. You choose between Basic, with a guaranteed price, and Advanced, with more order types. Below you first read how to start on the website and in the app. After that come the steps that are the same on both.

Starting on the website

  1. Click ‘Trade’ on Home or in Managed by you. In Market, you can also click ‘Trade’ next to a crypto asset.
  2. Choose ‘Basic’ or ‘Advanced’.
  3. Choose ‘Buy’ or ‘Sell’.

Starting in the app

  1. Tap the action button (the round button in the middle of the bottom bar).
  2. Choose ‘Buy’ or ‘Sell’. You can buy once you have funds, and sell once you own crypto.
  3. Choose ‘Basic’ or ‘Advanced’.

Do you start from a crypto asset's page with ‘Buy’ or ‘Sell’? Then you have already made that choice and skip that step.

Note that the order differs. On the website you first choose Basic or Advanced and then Buy or Sell. In the app you first choose Buy or Sell and then Basic or Advanced.

Buying or selling crypto with Basic

  1. Choose the crypto asset and choose ‘Continue’.
  2. Enter the amount and choose ‘Continue’.
  3. Check your order. You see the guaranteed price, the fee and the total. Choose ‘Confirm order’.
  4. Do you see ‘Your quote has expired’? Choose ‘Refresh’ for a new price and confirm again.
  5. You see whether your order went through. Choose ‘Finish’.

Buying or selling crypto with Advanced

Choose the order type:

  • ‘Market’: fills now at the market price.
  • ‘Limit’: fills only at your price or better.
  • ‘Stop Market’: a market order once your trigger price is reached.
  • ‘Stop Limit’: a limit order once your trigger price is reached.

Then:

  1. Choose the crypto asset. Under ‘Buy with’ or ‘Sell for’, choose the currency you pay with or receive. This is only possible in Advanced. Choose ‘Continue’.
  2. Only for ‘Stop Market’ and ‘Stop Limit’: enter the ‘Trigger price’. For ‘Stop Limit’, also enter the ‘Limit price’. Choose ‘Continue’.
  3. Enter the amount. For ‘Limit’, also enter the ‘Limit price’ here. Choose ‘Continue’.
  4. Check your order and choose ‘Confirm order’.
  5. Choose ‘Close’.

A market order is filled right away. A limit or stop order waits until the market reaches your price, and until then it is listed under ‘Open orders’. You can also cancel it there: on the website through the menu on the left, in the app through ‘More’.