cryptocurrency-trading-on-tanx-a-beginner-s-guide-to-market-orders

Cryptocurrency Trading on tanX: A Beginner's Guide to Market Orders

Cryptocurrency Trading on tanX: A Beginner's Guide to Market Orders

Sharad Jaiswal

Product

3

min read

Feb 10, 2024

The world of cryptocurrency can be exciting and fast-paced, but it can also be confusing for newcomers. If you're interested in crypto trading, one of the first things you'll need to understand is how to place market orders on tanX.


tanX is a revolutionary crosschain orderbook DEX that is shaking up the cryptocurrency trading landscape. It offers users an instant, gasless, trustless, and secure platform to trade their favourite digital assets.


In this blog post, we'll guide you through the simple process of placing a market order on tanX, so even if you're a beginner, you can trade with ease.


What is a Market Order?


Before we dive into the steps, let's quickly understand what a market order is. A market order is an instruction to buy or sell an asset at the best available market price. When you place a market order, you are essentially telling the exchange to execute your order immediately, regardless of the specific price.


Placing a Market Order on tanX


There are two modes for tanX traders: the Beginner mode, for newcomers who prefer a simple platform, and the Pro mode, for more seasoned traders. We will explain how to carry out a market order trade in both modes.


Mode: Beginner

  • Step 1: Log in to trade.tanx.fi and go to the Trade section from the left side menu.


  • Step 2: Select the desired trading pair from the trading pair list. Note: Make sure the toggle bar at the top is set to Beginner.


  • Step 3: Choose buy/sell and select the ‘Market Order’ from the Orders list. The default option is Market order trade.


  • Step 4: Enter the amount you would like to trade and click ‘Buy ETH’


  • Step 5: Congratulations! Your order has been created. To track your orders, visit the Orders section in History from the left side menu.


Mode: Pro

  • Visit trade.tanX.fi and go to the Trade section from the left side menu.




    Note: Make sure the toggle bar at the top is set to Pro. The default mode is Beginner.


  • Select the desired trading pair from the trading pair list.



  • Choose buy/sell and select the ‘Market Order’ from the Orders list. The default option is Market order trade.




  • Enter the amount you would like to trade and click ‘Buy ETH’




  • Congratulations! Your order has been created. To track your orders, visit the Orders section in the History tab from the left side menu.



Benefits of Using tanX for Market Orders


  • Instant execution: Your market orders will be executed immediately, without any delays.


  • No gas fees: Unlike traditional DEXs, tanX does not charge any gas fees for placing or executing orders.


  • Secure and trustless: tanX is a non-custodial exchange, meaning you always retain custody of your assets.


  • Wide range of assets: tanX supports a wide range of popular cryptocurrencies, including Bitcoin, Ethereum, and many more.


Start Your First Market Order Trade with TanX


tanX is a user-friendly and powerful DEX that makes placing market orders a breeze. With its instant execution, zero gas fees, and secure environment, tanX is the perfect platform for both beginners and experienced traders alike. So why not head over to tanX and tanX Trading Competiton Strategy today?


Get Started with trading on the world's leading insto DEX right away!

Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

What is the estimated time for withdrawal to complete?

Why do normal withdrawals require more time to be processed than I expected?

Are tanX smart contracts audited?

Does tanX charge deposit fee?

Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

What is the estimated time for withdrawal to complete?

Why do normal withdrawals require more time to be processed than I expected?

Are tanX smart contracts audited?

Does tanX charge deposit fee?

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tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.