Swap is applicable to the Spot market only. However, unlike Spot 1X, Swap is a singular operation, i.e. once it's done, it's closed. It means you won't hold any open positions and don't need to set any closing conditions like Take Profit and Stop Loss.
In this guide, we will walk you through the process of performing a simple Swap by market.
Step 1. Open the Trading page via the header menu
Trade->Trading
Step 2. In the Trading Widget on the right side choose the Swap trade type and Market order options
NOTE: A Market order is an instant order, meaning that you are ready to buy/sell an asset at the current market price depending on the DEX(s).
Step 3. Select trading pair
In this step, you are supposed to select the asset you want to Sell and the one you want to Buy in exchange by looking for the available assets in the drop-down lists.
Step 4. Set position size
You can either enter the Sell or Buy amount and the other side of the trade will be calculated automatically. Here you can also see the price of the asset against the other side which you can switch by clicking on the green arrows next to it.
You can either enter the position size manually or click on MAX to use the whole Available which would use your whole balance in the asset being sold.
You may also select the balance you would like to spend in this trade, Wallet or Account.
Step 5. Choose DEX option
You can either choose a specific DEX or one of Primex's DEX aggregation mechanisms.
Step 6. Set the Protocol fee currency
Step 7. Click on Swap and confirm the transaction in your wallet
Expert Mode (Optional)
In the hidden options, there is also another menu called Expert Mode. It is similar to expert mode on DEXs so it may be familiar to you if you are handy with them. It allows you to choose a custom Slippage tolerance and Transaction Deadline before proceeding to position opening.
We recommend using it only if you are confident about what you are doing.
