The Coinmetro Exchange Platform offers more precision and more control over trading than the Dashboard Swap Widget.
If you would like to start trading with more precision than just buying and selling, or if you'd just like a quick breakdown of Coinmetro's Exchange platform, you've come to the right place!
The Coinmetro Exchange Platform can be accessed by selecting the Exchange tab from either your Coinmetro Dashboard or the Markets page.
Click on the 'Exchange' tab at the top of the screen.
On the Coinmetro Mobile App
Click on 'More' in the bottom right-hand corner, then 'Exchange' from the side menu.
Why use the Exchange Platform?
When using the Dashboard Swap Widget, you can very easily buy or sell cryptocurrency at a fixed price, making it perfect for quick trades at the best available price. The Exchange Platform instead offers much more precise trading, placing orders at various price points to be traded in the future, and more:
Buy or sell at the best available price, just like Dashboard Swap Widget (Market Order),
View price charts with built-in trading indicators,
View order books for all orders for trading pairs, showing at what prices other traders are looking to buy or sell,
Place Limit Orders, allowing you to place an order to be filled at a specific price,
Place Stop Orders to limit losses in case the market moves against you,
See an easy overview of your pending and previous orders.
Please note that to enable stop orders and finer order control such as allowing partial fills, this must be enabled from the settings menu, available via the cogwheel.
Following our recent platform update, our effort to improve your trading experience is continuing with the introduction of a new Price Warning feature. The Slippage Warning Dialog is there to show you in real-time if any of your orders could lose more than 3% due to slippage. This is an important component of your trading arsenal, as it will warn you immediately before confirming orders. Use this to your advantage, so you can be aware, act fast and stay on top of the markets.
The Price Warning Dialog shows up if the user submits an order which could lose more than 3% due to slippage. The mechanism works like this:
No warning is shown when slippage is under 3.00%
It shows a green warning from 3.00% to 4.99%
It shows an orange warning from 5.00% to 9.99%
It shows a red warning from 10.00%+
The calculation takes the size of the order into account and adjusts the slippage warning percentage accordingly
It will appear when placing a new market/limit order or editing an open order
It will appear on both the Exchange and Margin platforms.
What does it not do:
Take spread into account (for now)
It will not appear when doubling or closing a % of Active Positions on Margin (for now).
Coinmetro’s Demo Platform is always available if you would like to practice without risk. Please note that this article is not to be seen as trading or financial advice. It is for educational purposes only.