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--- how_to_use_the_trade_portal [04/18/2023 19:43] – gfactor
+++ how_to_use_the_trade_portal [04/22/2023 16:12] (current) – [How to use Auto Buy] gfactor
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 . Next, you’ll need to go to a third party exchange like Coinbase https://www.coinbase.com or TradeOgre https://tradeogre.com to buy some coin with your ‘fiat’ currency such as $USD.
-. Once you’ve purchased your LTC, find the feature to SEND/RECEIVE (this is typically what it is called within their system - exchanges may vary in terminology) and fill in the address of the correct wallet address in your Qortal account. You’ll find this within the Qortal User Interface (Qortal UI). ****Please note:** your addresses for QORT, BTC, LTC, ARRR, and other coins we support are different addresses. The address that the exchange is asking for (long string of letters/numbers) will be found by clicking on WALLET in the menu at left. Then click on the appropriate coin (in this case we are using ARRR). At the top of the page it says CURRENT WALLET, and the address is directly underneath. Copy the address, go back to the exchange, and fill in your wallet address. Then send.
+. Once you’ve purchased your LTC, find the feature to SEND/RECEIVE (this is typically what it is called within their system - exchanges may vary in terminology) and fill in the address of the correct wallet address in your Qortal account. You’ll find this within the Qortal User Interface (Qortal UI). **Please note:** your addresses for QORT, BTC, LTC, ARRR, and other coins we support are different addresses. The address that the exchange is asking for (long string of letters/numbers) will be found by clicking on WALLET in the menu at left. Then click on the appropriate coin (in this case we are using ARRR). At the top of the page it says CURRENT WALLET, and the address is directly underneath. Copy the address, go back to the exchange, and fill in your wallet address. Then send.
 Below are 4 screenshots of wallets for QORT, BTC, LTC, and ARRR to show you how the address for each wallet you select is different:
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 **Step 2: Trade your coin for QORT**
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 . We will use ARRR in this example, same process applies for all. Once your ARRR shows up in your Qortal ARRR wallet, you’re ready to trade it for some QORT. For a full explanation of what actually takes place during a trade, see [[Trade Portal Overview]] and [[How The Trade Portal Works]].
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 . Click on TRADE PORTAL in the menu at left. At the top you’ll see a drop down option to SELECT YOUR COIN. Choose ARRR.
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 . Now look in the box of OPEN MARKET SELL ORDERS. Here you’ll see the current sell orders listed by other QORT holders. **Please note:** there are no sell walls; you can purchase any listing in any order. Pay attention to the cost per QORT as these listings are totally up to the seller to set, and for you as the buyer to select. The second column, which shows the price being asked by the seller, can be configured to show the offerings with their prices listed from low to high, or from high to low.
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 . Now you wait a bit, while the process completes. Meanwhile you’ll see your order listed in MY ORDERS (lower left), with the status of BUYING.
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-. Once the sell order has been successfully listed, the status will show as 'LISTED'. The order is now viewable to other peers and ready for a buyer to select! (Your coin has left your wallet, the coin is being held by the Trade Bot.)
+. Once the sell order has been successfully listed, the status will show as 'LISTED'. The order is now viewable to other peers and ready for a buyer to select! (Your coin has left your wallet, the coin is being held by the AT - you are still in control of your coin - the AT can only 1) proceed with a trade if a buyer selects your order, or 2) refund your coin back to your wallet if you choose to cancel your order.)
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+===== How To Use 'Auto Buy' =====
+  * Auto Buy is a tool which allows you to automatically buy a series of QORT sell orders. Rather than having to manually select and execute each trade, which can take time to complete, Auto Buy lets you specify the total amount of QORT, and the HIGHEST PRICE you would like to pay in the 'foreign coin'. Then the foreign coin AMOUNT is set automatically based on those two things.
+  * Log into the Qortal UI
+  * From the left side menu, click on **Trading** and select **Auto Buy**
+  * In the **Select Trading Pair** drop-down at the top, select the pair you want to trade
+  * The rest of the page will display the current sell orders under **Market Open Sell Orders**, your Trade History under **My Buy History**, and the currently active Auto Buy orders under **Active Auto Buy Orders**
+  * Click on **ADD AUTO BUY ORDER** at the bottom of the page
+  * A pop-up will be displayed (Confirm that the coin you want to sell is listed at the top)
+  * Enter the amount of QORT you want to buy in the **Amount (QORT)** field
+  * Enter the maximum price you are willing to pay per QORT in the **Price Each** field
+  * Click on **ADD AUTO BUY ORDER** to initiate the Auto Buy
+  * Note that each buy order will take some time to complete because this is a peer-to-peer action including multiple transactions on both blockchains, and Auto Buy is doing a series of these orders, so it could easily be hours before your Auto Buy is complete, depending on how much you are buying, compared to the size of the Sell Orders available to buy
+  * Note that Auto Buy is likely to never 'finish' 100% unless there are sell orders on the market that fill it perfectly. Most of the time you will need to cancel it once it gets to a point that it has a small balance and isn't likely to find any orders of the size it can fulfill

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