↕️Buy and Sell Orders
Buy and Sell tokens instantly
What are Buy and Sell Orders?
Buy and sell orders are simple orders that are executed instantly after the user confirms the transaction. They are the most commonly used trade orders in DeFi. With Buy Orders, you can easily buy your desired token with native coins or stable coins. With Sell orders, you can sell your tokens for native coins (e.g., ETH on Ethereum) or stablecoins (USDC, USDT). Buy orders are also used for manually sniping new token launches.
Additionally, buy and sell orders are very useful for quickly reacting to market events.
Buy Orders
Buy orders enable the buying of any token on any of the supported chains, using the chain's native token, USDT, or USDC.
The buy orders are executed immediately after the user confirms the order.
How to create a buy order
Go to the Discover page.
Choose any token you like to trade or
In the search bar, search for the desired token by entering its symbol, name, the contract address, or the LP address
Select the wallet you want to use for trading.
Enter the trading amount (or use the slider).
Click on the Buy button.
Confirm the order.
Sell Orders
Sell orders enable the selling of any token on any of the supported chains for the native token or stablecoins (USDT or USDC). To sell a token, you must have the token in your wallet. The sell orders are executed immediately after the user confirms the order.
How to create a sell order for a token in your portfolio:
Open the Search dialog.
Go ty My Tokens.
Select the token you want to sell.
Enter the trade amount (or use the slider).
Click on the Sell button.
Confirm the order.
Notes
Make sure you choose the right token you want to buy.
You need to have a minimum amount in the native currency (e.g., ETH for Ethereum) to pay for the gas of the transaction in the selected wallet.
Double-check the trading settings. Here, you can set the slippage, validator tip, and other settings. Read more on the Trade Order Settings page.
Ensure you agree with the quote for the trade. TokenSight will provide the best quote possible; however, if there isn't enough liquidity or due to some other external reason, the price impact might be suboptimal.
A fee is charged for every trade. Read more on the Fees page.
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