Spot Trading
Buy and sell on the Spot market
If your LN Exchange account is new, tap on [Enable trading] to trade spot.
Spot Trading Interface
Select the Trading Pair.
Trading volume of the trading pair in the past 24 hours.
Deposit or Withdraw. Displays the balance of BTC & USDT of your Spot account.
Buy / Sell Order section with Limit, Market & Trigger Order Type.
Open Orders Tab
Time/Event ID Records the time when the order is created and the corresponding Nostr Event ID. Anyone can search the Nostr Event ID on the LN Exchange Explorer to view the specific details.
Order ID
The numerical identifier for this order.
Asset Indicates the asset type of this order.
Type Indicates the order type.
Side Indicates if this order is Buy or Sell.
Price The price at which the order will be executed.
Remaining/Amount The remaining amount / the total order amount.
Remaining/Order Value The remaining order value / the total order value.
Filled Indicates the % of order completion.
Status Indicates the status of the order. Unfilled or Filled.
Cancel Immediately close all positions or individually close positions.
Trigger Orders Tab
Time/Event ID Records the time when the order is created and the corresponding Nostr Event ID. Anyone can search the Nostr Event ID on the LN Exchange Explorer to view the specific details.
Trigger Price The price level at which a trigger order becomes active.
Price The price at which the order will be executed.
Amount The amount of the asset involved in the order.
Expiration Time The deadline by which an order must be executed or it will be automatically canceled\
How to Trade Spot
Limit Order
A Limit Order is an order to buy or sell an asset at a specific price or better. It gives you control over the price but may not execute if the market doesn't reach your desired level.
Choose between [Buy] or [Sell], and then select [Limit]
The default mode is Limit Order.
Learn about Order Types, such as Market Orders & Trigger Orders, etc.
Let's take buying BTC using Limit Order as an example. Select BTC/USDT trading pair.
For example, if BTC is trading at 63,000 USDT but you want to buy it at 60,000 USDT, you can place a limit order. Your order will be executed when the market price drops to 60,000 USDT.
Enter the desired price at [Price] and the [Buy Amount].
Tap on [Buy BTC] to proceed with the order.
Once completed, your Limit Order will appear under [Open Order] if it is still pending price action.
Market Order
A Market Order is an order to buy or sell an asset immediately at the best available current price. When you place a market order, you're prioritizing speed of execution over the price, meaning the order will fill as quickly as possible at whatever the current market price is, rather than waiting for a specific price.
In this example, we use the BTC/USDT pair. Choose between [Buy] or [Sell], and then select [Market].
Enter the total amount of USDT you want to use to buy BTC, then tap on [Buy BTC].
Market orders may be filled immediately, check the Order History for records if it does not appear under Open Orders.
Trigger Order
A Trigger Order is a type of order that becomes active only when the market reaches a specified price, known as the trigger price. Unlike a regular market or limit order, the trigger order remains dormant until the market price hits the set trigger. Once this happens, the trigger order automatically converts into a market or limit order and executes based on the current market conditions.
In this example, we use the BTC/USDT pair. Choose between [Buy] or [Sell], and then select [Trigger]
For example, if BTC is trading at 59,800 but you want to buy it at 58,500 USDT but only if the BTC price drops to 59,000, you can place a trigger order. Your order will be placed when the market price drops to 59,000.
Enter the amount for [Trigger Price] - This is the price level at which the order to buy will be activated.
[Price] - This is the limit price you've set for your buy order. Once the trigger price is reached, the order will be placed to buy Bitcoin, but only if the market price is at or below the price level.
[Buy Amount] - This is the amount of Bitcoin you wish to purchase.
Once completed, your Trigger Order will appear under [Trigger Orders] if it is still pending price action.
Possible Scenarios for using Trigger Order
Breakout and Pullback: The trader expects the price to break above 59,000 USDT, signaling a potential upward trend, but anticipates a pullback to 58,500 USDT before continuing higher. The order is set to buy at a lower price after confirming the breakout.
Safety Net for Buying Lower: The trader might be using the trigger as a way to confirm that the price has reached a certain level, but still wants to buy at a lower price if the market retraces. This setup ensures they only enter the market if the price has shown upward momentum but at a better price point.
Volatile Market: In a highly volatile market, the trader might use this approach to avoid buying during a rapid price surge but still wants to catch a potential dip after the surge.
This strategy is more complex and is usually employed by experienced traders who anticipate specific market behaviors and want to manage risk while maximizing potential gains.
For other types of orders such as Post Only, IOC, FOK orders, please refer to [Order Types].
Cancel Orders
To cancel an Open Order or Trigger Order, simply tap the [Cancel] button in the corresponding tab.
If you need to cancel all orders quickly, tap the [Cancel All] button.
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