How to trade on DigiFinex exchange? Graphic transaction process

On DigiFinex, a trader can navigate the comprehensive trading interface, featuring the Order Book, Trading Chart, and customizable Order Form for placing market and limit orders to optimize their trading strategies.

Nov 24, 2024 at 04:55 pm

How to Trade on DigiFinex: A Comprehensive Transaction Guide with Detailed Graphics

DigiFinex, a renowned cryptocurrency exchange, empowers traders with an intuitive and user-friendly platform to navigate the complexities of the digital asset market. Whether you're a seasoned veteran or a novice seeking entry into the realm of cryptocurrency trading, this comprehensive guide will lead you through every step of the trading process on DigiFinex, accompanied by illuminating graphics to enhance your understanding.

Step 1: Account Creation

1. Visit the official DigiFinex website and navigate to the "Sign Up" button located on the top-right corner of the page.
2. Provide your email address, create a secure password, and select your desired nationality from the drop-down menu.
3. Enter the verification code sent to your email and click "Sign Up."
4. Complete your identity verification process by providing relevant documents and personal information as per the platform's guidelines.

Step 2: Funding Your Account

1. Once your account is verified, click on the "Deposit" option from the top-right corner of the screen.
2. Select the cryptocurrency you wish to deposit and copy the provided wallet address.
3. Transfer the desired amount of cryptocurrency from your external wallet or another exchange to the DigiFinex deposit address.

Step 3: Navigating the Trading Interface

1. Access the trading interface by clicking on the "Trade" tab from the top menu bar.

2. Familiarize yourself with the interface, which consists of:

   1. Order Book: Displays the real-time orders for buying and selling specific cryptocurrencies.
   2. Trading Chart: Provides a graphical representation of the cryptocurrency's price fluctuations over time.
   3. Order Form: Allows you to create and submit trading orders.

Step 4: Placing a Market Order

1. In the order form, select the desired trading pair from the drop-down menu.
2. Choose "Market Order" from the order type section.
3. Enter the amount of the cryptocurrency you wish to buy or sell in the corresponding field.
4. Click the "Buy" or "Sell" button to execute the market order.

Step 5: Placing a Limit Order

1. Select the desired trading pair from the drop-down menu in the order form.
2. Choose "Limit Order" from the order type section.
3. Enter the price at which you wish to execute the order.
4. Enter the amount of the cryptocurrency you wish to buy or sell.
5. Click the "Buy" or "Sell" button to place the limit order.

Step 6: Order Management

1. All active orders are displayed in the "Open Orders" tab.
2. You can cancel, modify, or close an order by clicking on the corresponding button next to the order.
3. You can view your order history in the "Order History" tab.

Step 7: Withdrawing Funds

1. Click on the "Withdraw" option from the top-right corner of the screen.
2. Select the cryptocurrency you wish to withdraw.
3. Enter the recipient's wallet address.
4. Enter the withdrawal amount.
5. Click the "Withdraw" button to initiate the withdrawal process.