Below is a quick video walkthrough - if you have any questions, please visit our Discord server.
Ready to make your first trade? Here’s how:
Step 1: Navigate the Spot Trading Interface
On the Deriverse platform, you’ll find dropdown menus for the three key products: Spot, Futures, and Options. For spot trading, ensure you’ve selected Spot.
You’ll also see these essential buttons:
• Quotes: Shows the order book for different instruments, with green bars for bids and red for asks. The midprice and price changes since 8 AM UTC are also displayed.
• Charts: Allows you to analyze price charts with features like moving averages, Bollinger Bands, and volumes.
• New Order: Redirects you to the Order Builder to place a trade.
• Open Orders: Displays your current orders.
• Portfolio: Shows your account balance.
Step 2: Make Your First Spot Trade
1. Click New Order to open the Order Builder.
2. Ensure you have SOL and USDC in your account.
3. Choose whether you want to place a buy or sell order (e.g., sell SOL for USDC).
4. Set your price.
5. Choose the currency to express the quantity and decide if the order should be Immediate or Cancel.
6. Click Confirm.
If your order isn’t filled, it may be because the price is too high compared to the midprice. Lower the price and the order should fill instantly. You’ll see your USDC reflected in the Portfolio section.
Alternative Way to Place Orders
You can also click the 3 dots in the Quotes window to open the Order Builder.
Troubleshooting
• Ensure you’re using the spot order book and not the futures one.
• Verify your limit order is set up correctly if your order isn’t appearing.