How to Buy or Sell Crypto on the Spot Market?

To buy or sell crypto on the BITFLEX Spot Market, please go through the guide and follow the steps.

Procedure:

BITFLEX Spot Market offers three different order types to traders:

1. Limit Orders
2. Market Orders
3. Conditional Orders

1.       Logging Into Your Account

Go to www.bitflex.com and login to your BITFLEX account. Hover on Trade in the top navigation bar and click on the Spot button.

2.       Depositing/ Transferring Funds to Your Spot Wallet

Depositing Funds:

If you are trading on BITFLEX for the first time, you will need to deposit funds to your account. Please follow this guide to learn how to deposit funds to your Bitflex account. 

Transferring Funds 

If you have already traded on BITFLEX derivatives before, you will need to transfer funds from your derivatives wallet to your spot wallet. To do this, you will need to navigate to the "Assets" section of the page. Here, you will find the option to transfer funds to your wallet account.

3.       Selecting the Trading Pair

After you have transferred funds to your spot wallet, you can buy your desired trading pair. Navigate to the “Trading Pair” section and choose the pair you want to buy or sell.

4.       Placing the Order

BITFLEX Spot Market offers three different order types to traders:

1. Limit Orders
2. Market Orders
3. Conditional Orders

Limit Orders:

1. 1. For placing a limit order, go to the “Orders” section, select the Buy or Sell option, and click on the “Limit” tab
      
      
      
   2. Enter the Order Price
      
      
      
   3. Enter the Order Amount by:
      • Using the Quantity field, or
        
        
        
      • Using the Percentage Bar Slider, or
        
        
        
      • Using the Order Value field
        
        
        
   4. Click on Buy or Sell button
      

Market Orders:

1. For placing a market order, go to the “Order” section, select the Buy or Sell option, and click on the “Market” tab
   
   
   
2. Enter the Order Amount by:
   • Using the Order Value field, or
     
     
     
   • Using the Percentage Bar Slider
     
     
     
3. Click on the Buy or Sell button
   

Conditional Orders:

1. For placing a conditional order, go to the “Order” section, select the Buy or Sell option, and click on the “Conditional” tab
   
   
   
2. Enter the order Trigger Price
   
   
   
3. Choose to execute the order at Limit or Market Price
   
   
   
   • For Limit Price:
     • Enter the Order Price
       
       
       
     • Enter the Order Amount by using the Quantity field, or using the Percentage Bar Slider, or the Order Value field.
       
       
       
   • For Market Price:
     • Enter the Order Amount by using the Order Value field or using the Percentage Bar Slider.
       
       
       
4. Click on the Buy or Sell Button