5 - Make Your First Trade

Learn how to make your first trade on Elbaite's marketplace.

What you'll need

Before you begin, make sure you have:

  • To have completed all of the steps of account setup thus far (Create Acccount, Verify Identity and Fund with USD)
  • USD in your balance ready to be used (USD Balance visible on your Elbaite dashboard)

Step 1: Click Make Your First Trade

On your dashboard you will see the onboarding steps. Select 'Make your first trade' to begin the process.

Step 2: Explore Marketplace & Select Offer

You will now land in the marketplace. The marketplace is a collection of offers to sell crypto.

  • Token filter - filter the marketplace offers by the token you are looking to buy
  • 'Price Per...' - shows this offers price for 1.00 of the selected token
  • 'Minimum Order' - shows this offers smallest purchasble amount
  • 'Maximum Order' - shows this offers largest purchasble amount

Once you have found an offer that suits what you are looking to buy, click the 'Buy' button on it.

Step 3: Offer Details Window Opens

Upon clicking 'buy' in the marketplace, the offer details window will open where you can interact with the offer and review the details of the offer.

Step 4: Input Purchase Amount

Once you are happy with the offer selected, click into the input region of the interface where it states 'Buy' and enter the amount you would like to purchase from this offer. If the amount entered is above or bellow the order limit of the offer, the interface will let you know via an error.

Step 5: Select Destination Wallet

Next you must select which wallet you want your crypto to arrive in. If you are looking at an offer for Bitcoin, then the wallet dropdown list should only show Bitcoin addresses from your crypto address book.

Please note, you can always add new wallets, edit wallets and remove wallets by heading to your account and visiting the wallets tabs. Here you will see your crypto address book and can manage all addresses.

Important - always verify your destination wallet is of the correct token, network and the specific address you wish to receive crypto to. Due to the nature of blockchain transactions, crypto sent to the wrong address is unlikely to be recovered.

Step 7: Confirm Order

Here you can view a summary of your order before executing it. Once confirmed, click 'Buy now' and your order will be placed.

Step 8: Track Order

On your dashboard in the 'Pending Transactions' card you will see your order. Click on it here to view expanded details.

Step 9: Order Details

If you are happy with the offer selected, click into the input region of the interface where it state 'Buy' and enter the amount you would like to purchase from this offer. If the amount entered is above or bellow the order limit of the offer, the interface will let you know via an error.

Success - Congratulations

Now you have made your first trade on Elbaite, you are primed to continue trading. Enjoy.

Need Help?

If you're experiencing issues, Please contact support through our support page

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