XBO.com - Image Buying and selling crypto

How can I open a spot order?

To open a spot order on XBO.com, follow these steps:

Step 1.Tap on Trade at the bottom of the app. You’ll see a list of currency pairs. Select the one you want.

Step 2.On the next page, tap on Order.

Step 3.Choose whether you want to open a market order or a limit order. To do this, check for the drop-down list below the Sell option and select the type of order you need.

Step 4.Your next actions depend on the type of order you’ve selected.

1. Market order:

a) To buy:
  • Choose the Buy option in the middle of the screen.
  • Enter the amount of crypto you want to buy in the Receive
  • Check how much it will cost in the Spend
  • Tap Buy at the bottom of the screen.
b) To sell:
  • Choose the Sell option in the middle of the screen.
  • Enter the amount of crypto you want to sell in the Spend
  • Check how much you can sell it for in the Receive
  • Tap Sell at the bottom of the screen.

Your market order will be executed immediately.

    2. Limit order:

    a) To buy:
    • Choose the Buy option in the middle of the screen.
    • Enter the amount of crypto you want to buy in the Receive
    • Check for the market price in the Spend
    • Set the limit price you’re ready to pay in the Price
    • Tap Buy at the bottom of the screen.
    b) To sell:
    • Choose the Sell option in the middle of the screen.
    • Enter the amount of crypto you want to sell in the Spend
    • Check for the market price in the Receive
    • Set the limit price you want the get for your crypto in the Price
    • Tap Sell at the bottom of the screen.

    Your limit order will be executed when there is a seller/buyer ready to close the deal on your terms or when the crypto’s market price reaches the limit you’ve set.

    Was this article helpful?