TRADING

  1. HOW TO TRADE ON VantageX

    To make a trade on VantageX, the first step is to make a deposit on VantageX. Once you deposit on your account, you can buy and/or sell on the exchange, depending on your account balance and the type of cryptocurrency (coin) you deposited. These are the order options on the VantageX exchange:

    • Auto Buy – instantly buy a coin by choosing an existing buy order.
    • Auto Sell – instantly sell a coin by choosing an existing order.
    • Buy Order – create a 'Buy Order' for a coin at a specified price and wait for another trader to match with your order.
    • Sell Order – create a 'Sell Order' for a coin at a specified price and wait for another trader to match with your order.

    How do I Auto Buy coins?
    1. Step 1: Log in to your VantageX account.
    2. Step 2: Click the Buy & Sell button on the top right side of the menu bar.
    3. Step 3: Select your trading pair. On the Markets search bar, you can select and/or search for your preferred cryptocurrency market. If your desired coin is displayed on the bar, click that coin. Otherwise, you can click the Search button (magnifying glass icon) to look for the coin you want. Once you made your selection, the bar below the Markets search bar will display the trading pairs available with the selected coin, along with recent market movements for that particular pair. Click the trading pair you prefer from the options displayed.
    4. Step 4: Choose an existing BUY order. On the Order Book section of the website (below the trading history chart), you can see the existing Buy orders placed by other VantageX users. Beside the Buy button for a corresponding order rate, you’ll see the asking rate (ASK) or the per-coin price proposed for that trading pair, the quantity of the coins being sold at that rate (SIZE), and the total value of the coins being sold. Click the Buy button beside the order you prefer.
    5. Step 5: Confirm your order. A pop-up window will appear, displaying the details of the Auto Buy transaction you chose, such as order quantity, price, commission and total. Click Confirm to push through with the trade. Otherwise, click Cancel or the X button to close the window and select another option.
    6. Step 6: Done. Your deal is now being processed and will be completed once confirmed. If there are insufficient funds in your account to complete the deal, you will be notified.

    NOTE: Your selected transaction will be completed depending on the remaining balance on your account, particularly the balance of the coin you’ll use for your Auto Buy order. Deficiencies in account balances may result in partial or canceled orders. All orders are final once submitted and are not subject to refunds.

    How do I Auto Sell coins?
    • Step 1: Log in to your VantageX account.
    • Step 2: Click the Buy & Sell button on the top right side of the menu bar.
    • Step 3: Select your trading pair. On the Markets search bar, you can select and/or search for your preferred cryptocurrency market. If your desired coin is displayed on the bar, click that coin. Otherwise, you can click the Search button (magnifying glass icon) to look for the coin you want. Once you have made your selection, the bar below the Markets search bar will display the trading pairs available with the selected coin, along with recent market movements for that particular pair. Click the trading pair you prefer from the options displayed.
    • Step 4: Choose an existing SELL order. On the Order Book section of the website (below the trading history chart), you can see the existing Buy orders placed by other VantageX users. Beside the Sell button for a corresponding order rate, you’ll see the bidding rate (BID) or the per-coin price proposed for that trading pair, the quantity of the coins being sold at that rate (SIZE), and the total value of the coins being sought. Click the Sell button beside the order you prefer.
    • Step 5: Confirm your order. A pop-up window will appear, displaying the details of the Auto Sell transaction you chose, such as order quantity, price, commission, and total. Click Confirm to push through with the trade. Otherwise, click Cancel or the X button to close the window and select another option.
    • Step 6: Done. Your deal is now being processed and will be completed once confirmed. If there are insufficient funds in your account to complete the deal, you will be notified.

    NOTE: Your selected transaction will be completed depending on the remaining balance on your account, particularly the balance of the coin you will use for your Auto Sell order. Deficiencies in account balances may result in partial or canceled orders. All orders are final once submitted and are not subject to refund.

    How do I place a Sell Order?
    • Step 1: Log in to your VantageX account.
    • Step 2: Click the Buy & Sell button on the top right side of the menu bar.
    • Step 3: Select your trading pair. On the Markets search bar, you can select and/or search for your preferred cryptocurrency market. If your desired coin is displayed on the bar, click that coin. Otherwise, you can click the Search button (magnifying glass icon) to look for the coin you want. Once you have made your selection, the bar below the Markets search bar will display the trading pairs available with the selected coin, along with recent market movements for that particular pair. Click the trading pair you prefer from the options displayed.
    • Step 4: Place your SELL order. Near the Order Book section of the website (below the trading history chart), you can see a dialog box where you can place your own Buy order. Click the SELL button, then manually enter the number of coins you want to sell and the Ask Price for the coin you want to sell. The Total cost of your Sell order will automatically be calculated. Once done, click the Sell button above the Available Balance display.
    • Step 5: Confirm your order. A pop-up window will appear, displaying the details of the Auto Buy transaction you chose, such as order quantity, price, commission, and total. Click Confirm to push through with the trade. Otherwise, click Cancel or the X button to close the window and select another option.
    • Step 6: Done. Your deal is now being processed and will be completed once confirmed. If there are insufficient funds in your account to complete the deal, you will be notified.

    NOTE: Your selected transaction will be completed depending on the remaining balance on your account, particularly the balance of the coin you’ll use for your Sell order. Deficiencies in account balances may result in partial or canceled orders. All orders are final once submitted and are not subject to refund.

  2. WHAT ARE ORDERS ON VantageX?

    Orders are individual trade requests placed by VantageX users for any cryptocurrency (coin) trading pair. Here are the four kinds of orders you can place on VantageX:

    • Auto Buy – instantly buy a coin by choosing an existing buy order.
    • Auto Sell – instantly sell a coin by choosing an existing order.
    • Buy Order – create a 'Buy Order' for a coin at a specified price and wait for another trader to match with your order.
    • Sell Order – create a 'Sell Order' for a coin at a specified price and wait for another trader to match with your order.
    How do I set up an order?

    Setting up all orders will take place on the Buy & Sell section of the VantageX website.

    For manual Buy and Sell options, set up your own order for either coin in the trading pair by manually specifying the amount and price you wish to trade at. VantageX’s trade engine will seek other orders available at the same price you serve and attempt to fill your trade to the total amount you specified. In case there are no immediate matching orders at the moment, your order will be listed under the My Open Orders section of the website below the Order Book until the full order gets completed or you cancel the said order, whichever comes first.

    If you wish to trade instantly, you can do this by placing an Auto Buy or Sell order. Clicking on an existing order from the current list of open Buy and Sell orders under the Order Book.

    All orders on the Order Book will be fulfilled on a first-come-first-served basis. If someone else placed the same order as yours in the order book seconds before you, that order will be processed before yours.

    For step-by-step instructions on how to place orders on VantageX, please read our FAQ on how to trade on VantageX.

  3. HOW TO CANCEL ORDERS

    Auto Buy and Auto Sell orders cannot be canceled once you have clicked Confirm on the pop-up box that appears after clicking the Buy or Sell buttons on the Order Book. You can always click Cancel or X on the pop-up box when you don’t want to push through with an Auto Buy and Auto Sell order.

    Open Orders can be canceled if you have not received any trades on them. If the open order is only partially fulfilled, you can cancel that order to retrieve the remaining coins.

    To cancel your open order, do the following:

    • Step 1: Go to the Orders page. Click the Orders button on the top right part of the website.
    • Step 2: Cancel your order. Click on the order you wish to cancel and click on the X button next to it to cancel the order.
    • Step 3: Get back your coins. The coins from the canceled order will be returned to your account. If you had partially completed your order, you will receive any remaining coins left on the order.

  4. CAN ANYONE TRADE ON VantageX?

    We welcome everyone on VantageX. To be able to create an account, you just need to…

    • Be 18 years old or above, and
    • Have a valid working email address

    All users begin at the Bronze tier, where you can withdraw up to 2 BTC per day. To increase your tier to Silver, Gold, or Platinum and unlock higher transaction thresholds, you can undergo account verification processes further explained in our discussion on user tiers.

    Users of the VantageX platform are assumed to have granted their agreement to the VantageX terms of service and privacy policy. VantageX reserves the right to update policies and terms without prior notice. The responsibility to track the changes to these policies fall upon the user.

    NOTE: VantageX reserves the right to deactivate services for certain people from the following regions or organizations: Afghanistan, Al-Qaida, Central African Republic, the Democratic Republic of the Congo, Democratic People's Republic of Korea, Eritrea, Guinea-Bissau, Iran, ISIL, Libya, Mali, Somalia, South Sudan, Sudan, and Yemen.