How to place a market order
Stepsβ
- At the top left of the menu, choose "Market" and either "Buy" or "Sell".
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- Above that, you can select the token pair you want to trade.
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Type in the amount of tokens you want to buy/sell. The amount to be sent will automatically appear.
Scroll down and choose your slippage tolerance.
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Note
Slippage is the difference between expected and actual trade prices.
- Setting a tolerance allows trades to execute within a certain price range.
- Higher tolerance may mean quicker execution, but less favorable prices.
- Lower tolerance may mean better prices, but potential for trade not to execute.
- Find the right balance for your trade.
Click on "Buy" or "Sell" button (depending on your earlier choice). A card will appear, click on "Proceed" then "Approve", and confirm the transaction on your wallet. More information on approval in this previous section.
The pop-up updates itself - click "Proceed" to finalize your order (it will open Metamask once again).
Confirm the transaction on your wallet.
A confirmation pop-up will appear, along with a notification card below that will tell you when your order has been filled.
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- Click "Close" to wrap it up.
Congratulations, you have successfully completed your market order! π€