Trading on the UPbit exchange involves six steps: create an account, deposit money, search for trading pairs, place an order, select a quantity, and place an order. Deposit methods include bank transfer, credit card and virtual currency wallet. There are three order types: market, limit, and stop. Trading fees vary based on trading volume and trading pair.
UPbit Exchange Trading Tutorial
How to trade?
Trading on the UPbit exchange involves the following steps:
1. Create an account:
- Visit the UPbit website or download its app.
- Create a new account and complete KYC verification.
2. Deposit:
- Fund your UPbit account via bank transfer, credit card or virtual currency wallet.
3. Search for trading pairs:
- Enter the trading pair you want to trade on the trading page, such as BTC/USDT.
4. Place an order:
5. Select quantity:
- Enter the quantity you want to buy or sell.
6. Place an order:
- Click the "Buy" or "Sell" button to confirm your order.
Detailed Instructions:
Deposit:
- Select the "Deposit" tab and choose a deposit method.
- Follow the on-screen instructions.
- Pay attention to the minimum deposit amount and handling fees.
Place an order:
-
Market order:
- Fill in the "Quantity" field and click the "Buy" or "Sell" button.
-
Limit Order:
- Fill in the "Price" and "Quantity" fields and click the "Buy" or "Sell" button.
-
Stop Loss Order:
- Fill in the "Price" and "Quantity" fields and select the "Stop Loss" type.
Order Status:
- You can track your order status through the "Orders" tab.
- Executed orders will be marked as "Completed".
- Unexecuted orders will be marked as "Outstanding". You can cancel outstanding orders.
Transaction Fees:
- UPbit charges a handling fee for transactions, and the rates vary based on transaction volume and trading pairs.
- The cost will be shown to you before placing the order.
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