Trading on DEX

Publication date is May 4, 2023

Decentralized exchanges (DEXes) have revolutionized the crypto exchange industry, enabling traders to swap crypto assets with each other using peer-to-peer (P2P) technology without intermediaries.

Decentralized finance (DeFi) offers fast, secure and transparent trading.

Openbook Solana is a well-known DEX available on TabTrader where traders can easily trade without the need to leave the app.

How to trade on DEX

First of all, you need your wallet to be ready. Connect the in-app TabTrader Wallet Adapter.

Once your wallet is connected, you’re ready to start trading.

Add any ticker from Openbook that you would like to trade. On the chart screen open the order form and fill in the order details.

Once you have confirmed the order, you will be asked to approve the transaction for the given order amount. Click to confirm.

Your order will now be placed.

Settling

Your wallet balance will show the pre-settlement (“unsettled”) amount of the token you used for the order.

Your order will be shown in the order list which you can observe in both the trading instrument screen and your wallet's order section.

Once your order is filled, it will be shown in the list of trades in both the trading instrument and your wallet. Your wallet will display the pre-settlement ("unsettled") token balance.

In order to return your funds to your wallet you will need to use the "Settle" button on the wallet screen.