In this tutorial you will learn how to place an order on Karatbit exchange. Specifically, how to place a ‘buy’ or ‘sell’ order.

Either read directions below or watch the video with the same directions.

 

Overview of ‘Markets’ on Karatbit

1. Go to www.karatbit.com and log in. If you are not yet registered, follow this tutorial to register.

2. Once you are logged in, click ‘Markets’

• • Here you see the current markets. This is where you can trade KCB for Bitcoin, Ether for Bitcoin, Bitcoin for USD, KBC for Ether and so forth.

  • For example, let’s look at KBC/USD market. Click on ‘KBC/USD’. In the upper section, you will see a graph. This graph shows how the KBC/USD market changes over time.

  • In the lower section you can see the pending orders. Preciselly, ‘Sell’ pending orders and ‘Buy’ pending orders. This simply means that people are looking to sell or buy KBC coins.

  • For example, in ‘Sell Orders’, on the screenshot below, the order at the very top means that somebody wants to sell 32,054 KBC coins for 0.0140 USD per coin (Marked 1 below). (If you want to buy KBC coins you should go with this sell order since it offers the lowest price for KBC).

  • In ‘Buy Orders’, the order at the very top means that somebody wants to buy 1000 KBC for 0.0139 USD per coin.

 

How to place a ‘buy’ order

Let’s say you want to buy 100 KBC coins for 0.0140 USD per coin (Marked 2 below).

1. Go to ‘Buy KBC’

2. In the ‘Price’ field enter 0.014.

   • Note: You want to buy KBC from an order that offers the lowest price for KBC. This order will be at the top in ‘Sell Orders’. In this case, the lowest price is 0.0140 USD per coin.

3. Then in the ‘Amount’ field enter 100. The ‘Total’ (1.4000 USD) and ‘Fee’ (0.0028 USD) will be displayed.

4. Click on ‘Buy KBC’. Then the ‘Order Placed!’ window will pop up.

• • Now, if you go down, you can see that the ‘Quantity’ in the ‘sell’ order offering KBC for 0.014 USD is lowered by 100 KBC which you just bought.

  • Also, you will see the order you just placed relfected in ‘Trade History’ (Marked 3 below).

  • In summary, you just placed a ‘buy’ order and it was executed. In other words, you just successfully bought 100 KBC coins for the price of 0.014 USD. Congratulations!

 

How to place a ‘sell’ order

Now, if you want to sell KBC… Let’s suppose you want to sell 300 KBC for 0.0150 USD (Marked 4 below).

1. Go to ‘Sell KBC’

2. In the ‘Price’ field enter 0.0150.

3. In the ‘Amount’ field enter 300. The ‘Total’ (4.5000 USD) and the ‘Fee’ (0.0090 USD) will be displayed.

4. Then click ‘Sell KBC’ and the ‘Order Placed!’ window will pop up.

• • Now, go down to ‘Sell Orders’. Here you can see that the ‘Quantity’ in the order offering KBC for 0.015 USD went up by 300 KBC which you just sold.

  • In summary, you just successfully sold 300 KBC for 0.0150 USD. Congratulations!