Trading DEX in TabTrader
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.
When trading tokens on the Solana network, it's important to remember that you'll need SOL (Solana) tokens in your wallet to execute trades. SOL tokens are required not only for placing orders but also for covering the network fees, which are needed for every transaction.
Once your wallet's connected and funded, 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 assets
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.
