Trading on SnapEx App is so easy, you can do it with just three simple steps.
Step 1. Access the Trade page
First, check out the default Trade settings under Account > Setting > Trade to see which ones you want to keep or change before you start trading. Your available Trade settings options include those such as for order placement confirmation, order close confirmation, hold overnight setting, and default display setting of the market page.
Once you’ve checked out the above, you can proceed to the Trade page, which can be accessed through the Trade button in the middle of the bottom navigation bar. Alternatively, you can open the Market page and click one of the available cryptocurrency trading pairs.
Step 2. Choose your Position
In Trade, you may select either the Buy/Long position or the Sell/Short position through the menu buttons near the top left corner of the page. You may also choose either Market Order or Limit Order from the dropdown options available in the menu right below them.
To reduce the trading fees that you will need to pay every time you open a new position, you can enable the use of your SNAP points to pay for your trading fees. To do this, just go to Account and toggle the switch next to the line that says “Use SNAP pay the fee (50% off).”
Step 3. Enter your Position Details
Enter your preferred margin, select the level of leverage you’ll use, set your take-profit and stop-loss prices, and press either the Buy or Sell button to open your position.
Note: Margin can be set at a minimum of 5 USDT and a maximum of 20,000 USDT. Meanwhile, leverage can be set at a minimum of 10x and a maximum of 100x.
Both margin and leverage can be adjusted with the use of horizontal sliders available on the Trade page. The leverage slider goes from 10x up to 100x in 1x increments, while the margin slider goes from 0% up to 80% in 1% increments.
Note: The margin percentage is based on the amount of USDT available in a user’s Real account.
Take Profit and Stop Loss can be entered manually through the Trade page. However, there is also a vertical slider available on the right side, which is set at 200% take-profit and -80% stop-loss by default.
Note: Take-profit can be set at a minimum of 5% and up to a maximum of 500%. Meanwhile, Stop-loss can be set at a minimum of -5% up to a maximum of -90%.
Once you have entered your position details, you can press either Buy or Sell and proceed with the order placement. Make sure to review all of your position details before you click “OK” to confirm or “Cancel” to make some changes.
After you confirm and place your order, you will be taken to the Position page, which shows all your open positions and other relevant information such as your available margin, utilized margin, gross assets, and order history.
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