What is a Buy or Sell Order?

Buy and Sell Orders are placed by users to trade between two coins on our 'Exchange' which is a trade pair market. This is how all trading between coins on Cryptopia are performed.
Placing a 'Buy' or 'Sell' Order on Cryptopia has the same basic steps for every trade pair market.


How do I set up a Buy or Sell Order?


You can set up your own 'Buy' or 'Sell' Order for either coin in the trade pair by manually specifying the 'Amount' and 'Price' you wish to trade at. This will place an order based on the 'Price' you specified and Cryptopia’s trade engine will look for any other orders available at the same 'Price' (or better) and attempt to fill your trade to the total 'Amount' you specified. 

If no open orders are found that match your 'Price', your order will be held in an 'Open Trade' on your account until the 'Price' is matched by another order. Your open trade will sit in a queue until another user is willing to buy/sell at the price you've set. 

This queue is set as on a first come first served basis. This means if someone else has places the same order as yours in the order book, whichever order was placed first will be fulfilled first! 

If you're new to Cryptopia, you might find it useful to read 'How do I Trade? (for beginners)' to learn more about how to do this.



What is an instant buy or sell order?


If you wish to trade instantly, you can do this by placing an instant buy or sell order. If you want to fill an order instantly, you can do this simply by clicking on an existing one from the current list of open 'Buy' and 'Sell' orders. This will automatically fill out the Amount and Price fields based on the order you clicked on.

If you're new to Cryptopia, you might find it useful to read 'How do I Trade? (for beginners)' to learn more about how to do this.

If you increase the 'Amount' above what was available in the order you clicked on, you will buy everything available in that order and Cryptopia’s trade engine will look for any other open orders available at the same price or better to complete the remaining 'Amount'. If none are available, the remaining 'Amount' will be held in an Open Trade on your account until the Price is matched by another, opposing order.


PLEASE NOTE: Cryptopia does not buy or sell your coins, we simply provide the platform for other users like yourself to do so.