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17196963 No.17196963 [Reply] [Original]

I am having trouble buying UND on Bitforex,

I am very confused on the UI and mechanics of the 'spot' tab.

I am a complete newbie to this just trading on coinbase that's it.

Can someone guide me through a transaction for UND on spot?

>> No.17197302

>>17196963
Just like any other exchange, 'spot' is either a market / limit buy and sell. Market buy buys an amount you want, and will go as high (price wise) as it needs to get it. Limit would 'limit' your buying price to a certain amount.

In UND's case, it's a low marketcap project, so you have two options :

1.) Market buy and take a % hit (normal for low caps is 10-50% depending on how much you're buying and how strongly you believe it will continue up)

2.) Limit order, and wait.

Unification is about to have a main net + a shitload of catalyst, and got over-bear-fucked. Bots run rampant on Bitforex, and unless you market buy, you will probably not get filled unless a big dump happens. I suggest you buy half the bag you want, then put a higher limit order for the remainder, just in case.

Good luck.

>> No.17197307

>>17196963
spot just means the normal market.

"The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market, in which delivery is due at a later date."

To execute a limit order at market price. Click on the smallest ask. (red side of the order book on the right side) and then click buy. That will get you the best price for the quantity available at that asking price.

Spot is the most common type of market. Just be sure if you are going to buy a large amount, that you don't pay more than you intend to via checking the price of your market order.

It's not that bad, and honestly, if you are playing around with small amounts of money, it's almost worth making a mistake so you can learn in the future when you may be playing with large amounts of money. GL mate.

T. UND holder.

>> No.17197317

>>17197302
Are UNDies literally a based community or what?

>> No.17197591

>>17197307
frens.

>>17197317
it's an obvious 10x, so i wanna help people get in before the pop for once.

>> No.17197608

You'd better not market buy and keep the price from falling to 0.00007345 ETH for even longer.

I can't take it.

>> No.17197627

>>17197302
I just realized you had to transfer into your spot account from your assets wallet, which makes sense why I kept getting errors.

Thanks for the help anon.

I just made a transaction and am now holding UND.

I am still confused about some parts of the UI, and concepts. I believe I am overcomplicating things in my head because of all the numbers which I am exposed too.

For example, The order book has a red numbered ledger, and a green numbered ledger, but I have no Idea what these numbers actually mean.

>> No.17197684
File: 231 KB, 1920x1080, howcangoodexistinaworldwherethiscanhappen.jpg [View same] [iqdb] [saucenao] [google]
17197684

>>17197627
Red are sell orders, green are buy orders.

And fuck you for market buying.

>> No.17197714

>>17197684
LoL.

we're all frens, and now you are in the most chad hold of 2020. congrats. don't sell before $1.

>> No.17197791

Few know about / understand UND outside of a core group of nerds. By the time Main Net flourishes, twitter and new money will be buying at 10 cents. This is where the fun begins, and you're hearing it on 4chan first.

"Let's go boys"

>> No.17197837

>>17197627
No worries. A few exchanges are moving over to this model where they keep your assets in a different wallet (they don't) so you might deal with it in the future. Typically, the red ledger (order book) is asks, or the sell side. And the green is bids, or the buy side.

You'll figure it out. Don't sell too early. This is the most 2017-like thread I've seen in a while. You probably have a good entry desu.

>> No.17198057

>>17196963
Bitforrex is an interesting place -They actually were Binance before Binance, but didn't have the Canada out that CZ had and shut down after the china crypto ban.

The team got back together a year later and started from scratch
but it was already a bit behind to be a new entrant into a market

Nevertheless, they are a solid exchange and decent home for UND for now so we need to figure out how to deal with their
lost in translation instructions.

That being said, there is no KYC which is fucking golden
and they always withdraw fast and on time.

It's ok to trade UND and other moonponies on there for now
and accumulate because from what I have been told (by the same people that told me LTO was getting listed on Binance two weeks before it did) is that UND will launch Main-net and list on Binance at the same time - so you heard it here first frens.

>> No.17198210

>>17198057
*shaking intensifies*

>> No.17198252

This and pnk are my big shitcoin holders but jfc und is infuriating to buy. Once I got to 100k I was done the limit orders take forever and market buying is retarded because you’ll spend all over the price range and moon the hell out of it and you’ll have to keep doing it just to get a decent stack

>> No.17198636

>>17198252
Just lowcap things, desu. Reminds me of the great Tradeogre days of 2017.

>> No.17198672

>>17198252
Lulz market buying. what is a 1cent difference when the price is going 100x.

>> No.17198680

>>17198252
Market buying is fine as long as you don't care about selling instantly. I almost always market buy even on other alts. The only time I bid is if I want to put support up.

>>17198672
That's what I'm saying

>> No.17198696

>>17198057
Seriously this oldfag insider over here. were you the same anon posting about LINK a week before it went para. .

>> No.17198732

>>17198057
Truth pilled though

>>17198636
>Tradeogre days of 2017.

Bitforex is unironically the Asian TO

>> No.17198782

Based thread, I’m unironically considering UNDing up purely based on these posts.

>> No.17198804

>>17198782
it's an obvious buy for alt season. get in what you can before main net.

>> No.17198835

>>17198804
I've got like 6k in. Thinking about doing something stupid.

>> No.17198896

>>17198835
Do it. Stupid moves get rewarded in a clown town market, which this definitely is for the foreseeable future.

>> No.17198904

>>17196963
russia paints the cockpit blue to ease pilot eye fatigue

>> No.17198937

can you buy UND on binance?

>> No.17198945

>>17198937
Binance DEX, but Bitforex has better volume.

>> No.17198967

I dont get it its called DEX on binance?

>> No.17199095

>>17198904
Fucking bad ass you came in here just to say this. I checked out OPs image just because of your post and it looks like a Gundam. I'm about to watch some mecha anime and watch my UND go up too.

>> No.17199236

>>17198904
Based.

>>17198967
Binance DEX is a separate thing. If you don't know what you're doing, might be best to stick to Bitforex. Better spread anyway.

>> No.17199240

Love to be the guy who dumped 5million like diaareeea at half a penny. Wonder how he is feeling now

>> No.17199248

>>17198057
Ok, thanks, you can stop pretending now that your name is not charlie.

>> No.17199258

>>17199248
kek
>>17199240
hits close to home

>> No.17199451

>>17199240
Oh, he will definitely hate himself soon.

>> No.17199655

>>2017 vibes no joke

>> No.17199924

3 cent waiting room motherfuckers. send it.

>> No.17200430

Sent the UND from my bitforex wallet to my erc-20 wallet, 4 hours later, the status stays "applying", no txid. Does anyone had a similar problem? Should I cancel the withdraw? Already submited a request.

>> No.17200532
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17200532

>>17198057
czfrend

>> No.17200623

>>17200430
maybe new account

>> No.17200859

>>17200430
Might just be a Bitforex issue. Wouldn't sweat it.

>> No.17201099

>>17200430
I waited 3 hours once. 4 hours seems a bit nuts but it's just a Bitforex thing prob. CS will get to you sooner or later even if it goes through.