SwissBorg (BORG) currency trading operation steps graphic tutorial

For a secure and seamless trading experience, SwissBorg streamlines the currency trading process into nine comprehensive steps, from account creation to trade execution and order management.

Dec 17, 2024 at 06:36 pm

SwissBorg (BORG) Currency Trading Operation Steps Graphic Tutorial

Key Points

• Step 1: Create a SwissBorg Account
• Step 2: Verify Your Identity
• Step 3: Deposit Funds
• Step 4: Select the Currency Pair
• Step 5: Enter the Order Amount
• Step 6: Choose the Order Type
• Step 7: Place the Order
• Step 8: Monitor the Order
• Step 9: Close the Order

Comprehensive Guide

1. Create a SwissBorg Account

• Visit the SwissBorg website and click "Sign Up."
• Enter your personal information, email address, and create a password.
• Agree to the terms and conditions and click "Create Account."

2. Verify Your Identity

• To enable trading, you need to verify your identity.
• Click on "Settings" from the dashboard.
• Select "Verification" and follow the instructions to submit your identification documents.

3. Deposit Funds

• Transfer funds to your SwissBorg account through the "Deposit" option.
• You can choose various methods for depositing, including bank transfer, credit/debit card, or cryptocurrencies.

4. Select the Currency Pair

• Go to the "Markets" tab and browse the available currency pairs.
• Each currency pair represents a specific trading market, such as BORG/USDT or BORG/EUR.

5. Enter the Order Amount

• Determine the amount of the currency you want to trade.
• Enter the amount in the designated field.

6. Choose the Order Type

• Select the desired order type from the dropdown menu.

• Common order types include:

  • Market Order: Executes your trade at the current market price.
  • Limit Order: Places an order at a specific price.
• Decide on the Order Side: Buy or Sell.

7. Place the Order

• Review the details of your trade.
• Click on "Buy" or "Sell" to place the order.

8. Monitor the Order

• After placing the order, track its status in the "Orders" section.
• It may take a few seconds or minutes for the order to execute depending on market conditions.

9. Close the Order

• Once your order is filled, you can choose to close it.
• Click on "Close" in the "Orders" section.
• You can also set a take-profit or stop-loss order to automate the closing process based on predefined parameters.

FAQs

Q1: What are the trading fees on SwissBorg?
A: SwissBorg charges a flat 0.5% fee on all trades.

Q2: What is the minimum trade amount?
A: The minimum trade amount varies based on the specific currency pair.

Q3: Can I trade BORG directly against fiat currencies?
A: As of now, BORG cannot be traded directly against fiat currencies on SwissBorg. You need to first purchase stablecoins like USDT and then trade BORG/USDT.

Q4: What are the accepted payment methods for deposits?
A: SwissBorg accepts various payment methods, including:

* Bank transfer
* Credit/debit card
* Cryptocurrencies (BTC, ETH, USDT)

Q5: How long does it take for deposits to reflect in my SwissBorg account?
A: Deposit processing time varies depending on the payment method. Crypto deposits are usually processed within a few minutes, while SEPA bank transfers may take up to 2 business days.