Home How to use the exchange Placing a Buy Order

Placing a Buy Order

Last updated on Mar 28, 2025 
Instructions are for the Desktop Web view.

Step 1: Log In to Your AFRIDAX Account

  • Navigate to https://exchange.afridax.com using your preferred web browser.

  • Enter your username and password to securely log in to your AFRIDAX Exchange account.

  • If you do not have an account, follow the registration process to create one before proceeding with the trade.

Step 2: Access the Trading Platform

  • Once logged in, locate and click on the Trade option in the main menu or dashboard.

  • This will take you to the trading interface, where you can manage your buy and sell orders.

Step 3: View Available Trading Pairs

  • In the trading interface, click on the top left of the screen,
    select "BTC/ZAR"

  • This will display a list of available trading pairs, showing the cryptocurrencies you can trade against each other.

  • Browse the list or use the search function to quickly find the pair you want to trade.

Step 4: Select Your Desired Trading Pair

  • After reviewing the available pairs, select the pair you want to trade.

  • For example, if you wish to trade Bitcoin for Ethereum, choose the BTC/ETH pair.

  • This will display the order book and other trading options for that pair.

Step 5: Choose the ‘Buy’ Option

  • Once you’ve selected your trading pair, click on the Buy button (Far right) to open the buy order form.

  • This will allow you to input the details of your purchase.

Step 6: Select Your Order Type (Market or Limit)

  • Market Order: Select this option if you want to execute your trade at the current market price. The trade will be completed at the prevailing price in the order book.

  • Limit Order: Choose this option if you want to specify a price at which you are willing to buy. Your order will only execute when the market reaches your specified price.

Step 7: Set Your Limit Price (If Applicable)

  • If you selected a Limit Order, you will need to enter the price at which you want to buy the asset.

  • Click on the Price field and input your desired price.

  • Ensure that the price aligns with your trading strategy and the current market conditions.

Step 8: Enter the Quantity of Coins to Purchase

  • In the Amount field, enter the number of coins you wish to buy.

  • You can input the amount manually or use the available buttons to adjust the quantity.

  • Double-check the amount to ensure it reflects your desired investment.

Step 9: Place Your Buy Order

  • After confirming the price and amount, carefully review your order details.

  • When satisfied with the settings, click the Buy button to place your order.

  • Your buy order will be submitted for execution.

Step 10: Monitor Your Open Orders

  • Once your order is placed, it will be added to the Order Book and visible in the Open Orders section.

  • Track the status of your order here.

  • If you placed a Limit Order, it will remain in the order book until the market reaches your specified price, at which point the trade will automatically execute.

Final Considerations:

  • Market conditions can fluctuate quickly. If you placed a Market Order, your trade will be executed immediately at the best available price.

  • If you placed a Limit Order, it may take some time for the order to fill depending on market activity and price movement.

  • Regularly monitor your open orders to ensure they are executed as expected.

Need Assistance?

If you encounter any issues or have questions regarding the deposit process, our support team is available to assist you. Please submit a support request via the platform, and we will promptly address your inquiries. You can view our status page here.