Order to Buy at Market Price

Attention! All described rules for creating orders are applicable to both STEMX and SXUSD orders.

There are two types of orders on the exchange - limit and market. In this article we are going to create an order to buy at market price.

Let's create an order to buy at the market price of the BAY token for STEMX.

In the order creation form, select the direction - "Buy", and the order type - "Market". We enter the amount of STEMX for which we are ready to buy BAY tokens - 100 STEMX.

The system will automatically calculate the approximate volume of the BAY token that we will receive if the order is executed, and the commission.

Please note that the actual amount of the token as a result of closing the order may differ from the calculated one, since the market offer is a dynamic process. To better navigate the prices, the presence of demand for the token and supply, use the “Book of Orders” block a little lower on the same page of the team token.

Parameters that affect pricing are described in the Pricing article.

More information about the commission can be found in the article “Exchange Commission”.

By clicking on “Buy BAY”, we create a buy order and the amount specified in the calculation is deducted from the trading account. You will receive a notification about the creation of an order and about the balance of the currency account in STEMX. When the order is filled, your BAY token balance will increase. A corresponding notification about the execution and the balance of the BAY wallet will appear in the upper left corner of the screen.

The order will appear in the “Open Orders” section below on the same BAY token page. An open order can be canceled if necessary.

As soon as the order is executed, it will be transferred from the “Open Orders” list to the “Filled Orders” list of the same block. You can view your executed orders by clicking on the list name.

When the order is filled, your BAY token balance will increase. You can seen the amount of team tokens in your possession in the bottom of the Order creation form.