Differences

This shows you the differences between two versions of the page.

--- how_to_use_the_trade_portal [04/18/2023 19:56] – quickmythril
+++ how_to_use_the_trade_portal [04/22/2023 16:12] (current) – [How to use Auto Buy] gfactor
@@ Line 24: / Line 24: @@
 . 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:
@@ Line 88: / Line 88: @@
 {{::screen_shot_2022-11-16_at_4.21.41_am.png?400|}}
-. 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.)
 {{::screen_shot_2022-11-16_at_4.36.38_am.png?400|}}
@@ Line 100: / Line 100: @@
 {{::screen_shot_2022-11-16_at_5.39.07_am.png?400|}}
 {{::screen_shot_2022-11-16_at_5.39.37_am.png?400|}}
+===== 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

Qortal Project

User Tools

Site Tools

Differences

Page Tools