How to trade, using the Eidoo Hybrid Exchange.
A hybrid Exchange is an exchange that is centralized regarding the order book, as it is on a database, and at the same time decentralized as all assets are, until completion of the order, still in the wallets of the users who placed the orders and they will still have control of them.
First of all, you need to CREATE a Trading wallet. For this go on the Trading wallet, then click on the CREATE button to generate the activation transaction.
Your Trading wallet will be activated once the transaction has been confirmed by the blockchain.
Please note this is a 0 ETH transaction and, therefore, you will need to have some ETH on the Personal wallet to pay the transaction fee.
After, as you can see you will be redirected to the transaction page where you can establish how much you want to deposit on your Trading wallet or withdraw from your Trading wallet to your Personal wallet.
The following rows will show you how to understand and interact with the order book of a trading pair.
For the creation of this guide, we have used the EDO/ETH pair as an example.
Pairs will be Token/ETH, Token/Token, ETH/Token. The order book works in the same way for every pair.
This is the Order book page for the EDO/ETH pair. Using the tabs at the top you can easily navigate between the ORDER BOOK and the list of YOUR ORDERS.
The order book is divided into 3 sections:
1. Price
2. Volume per single order
3. Total volume
The Price is always expressed on the quote whereas the volumes are expressed on the base. In this case, the quote is ETH and the base is EDO.
Full Article can be found here
And now to exemplify how to create an order.
This is a BUY order.
To make one, after clicking the BUY button, you will have to specify the amount of ETH you want to pay and in the Price field how much ETH you want to pay for each EDO token.
Please note that the Price field will be already set to the last executed order price.
You will also see the minimum amount of tokens you will buy and the EDO fee you are going to pay as a taker.
The LOWEST ASK field on the top left of the screen shows the lowest market price.
Your order will stay active.
After placing an order, it will be added to the order book.
You will be able to tell where your order is placed as the row will be highlighted and there will be a dot at the beginning.
Your order will stay active until an opposite order that will satisfy it will be placed.
Please note there is a minimum order amount required for every pair.
You won’t be able to place your order if it doesn’t reach the minimum required.
This is an example of how your orders are handled by the relative tab.
You can see 3 different cases:
1. Active filled order
2. Active unfilled order
3. Completed order
As you can see there is a red circle that shows how much of the sell order has been filled.
In case of a buy order, the circle would be green.
An order loses its active state once the transaction has been confirmed by the blockchain.
Finally, in case you want to delete one of your ACTIVE unfilled or partially filled orders, you will only have to swipe the order from right to left, click on Cancel and insert your password.
Please note that if one of your active orders is partially filled and the amount left is smaller than the minimum required, your order will not be present in the order book anymore.
