How to trade on UPbit exchange?

Trading on the UPbit exchange involves six steps: create an account, deposit money, search for trading pairs, place an order, select a quantity, and place an order. Deposit methods include bank transfer, credit card and virtual currency wallet. There are three order types: market, limit, and stop. Trading fees vary based on trading volume and trading pair.

UPbit Exchange Trading Tutorial

How to trade?

Trading on the UPbit exchange involves the following steps:

1. Create an account:

• Visit the UPbit website or download its app.
• Create a new account and complete KYC verification.

2. Deposit:

• Fund your UPbit account via bank transfer, credit card or virtual currency wallet.

3. Search for trading pairs:

• Enter the trading pair you want to trade on the trading page, such as BTC/USDT.

4. Place an order:

• Choose one of the following order types:

  • Market order: execute immediately at the current market price.
  • Limit Order: Specify the price you wish to trade at and wait for it to be matched.
  • Stop Loss Order: An order that is triggered when the price reaches a specific level.

5. Select quantity:

• Enter the quantity you want to buy or sell.

6. Place an order:

• Click the "Buy" or "Sell" button to confirm your order.

Detailed Instructions:

Deposit:

• Select the "Deposit" tab and choose a deposit method.
• Follow the on-screen instructions.
• Pay attention to the minimum deposit amount and handling fees.

Place an order:

• Market order:

  • Fill in the "Quantity" field and click the "Buy" or "Sell" button.

• Limit Order:

  • Fill in the "Price" and "Quantity" fields and click the "Buy" or "Sell" button.

• Stop Loss Order:

  • Fill in the "Price" and "Quantity" fields and select the "Stop Loss" type.

Order Status:

• You can track your order status through the "Orders" tab.
• Executed orders will be marked as "Completed".
• Unexecuted orders will be marked as "Outstanding". You can cancel outstanding orders.

Transaction Fees:

• UPbit charges a handling fee for transactions, and the rates vary based on transaction volume and trading pairs.
• The cost will be shown to you before placing the order.

The above is the detailed content of How to trade on UPbit exchange?. For more information, please follow other related articles on the PHP Chinese website!