Markets Basics
Execute buy, sell, and trade orders with clear lifecycle checks, confirmation expectations, and slippage cautions.
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- A funded account wallet with the asset required for the trade.
- Market pair availability for the assets you want to exchange.
- Awareness of current market volatility and expected fees.
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- Open the trade screen and choose the market pair.
- Select buy, sell, or swap mode and enter amount.
- Review the estimated rate, fees, and minimum received value.
- Set any available protection settings such as slippage tolerance.
- Submit and approve the order from your wallet or account confirmation prompt.
- Monitor status until the order reaches a terminal state.
#Order lifecycle states and confirmations
Order labels may vary by interface, but the lifecycle usually follows submission, execution, and terminal completion.
- Pending or Submitted: order accepted by the interface and awaiting execution.
- Open or Partially Filled: order is live and may fill in multiple parts.
- Filled: full execution completed and balances updated.
- Canceled or Expired: order closed without full execution.
- Failed: order could not execute because of validation, liquidity, or network conditions.
#Expected confirmation and outcome
- Execution confirmation appears in the activity feed.
- Source and destination balances update after settlement.
- Final status is visible in trade history for reconciliation.
#Common failure states
- Price moved outside your allowed tolerance before execution.
- Not enough balance for amount plus fees.
- Insufficient liquidity at the requested size.
- Transaction confirmation expired before wallet approval.
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- Refresh market data and submit with an adjusted amount.
- Top up fee balance and retry with a small test size first.
- Use limit-style controls if available when volatility is high.
- If an order is stuck in pending state, confirm whether your wallet request is still open and approve or reject it explicitly.
#Risk and safety notes
- Slippage can increase losses during fast market moves.
- Partial fills can leave residual balances in the source asset.
- Final execution price can differ from the initial quote until settlement is complete.