Trade
Last updated
Last updated
Bitbyte uses the Automated Market Maker (AMM) model and has been deployed on multiple chains, supporting users to freely exchange tokens on multiple chains on the platform, as well as to add liquidity to be rewarded accordingly. In addition, Bitbyte.Finance has access to the trading routes of several decentralised exchanges including Pancake, Uniswap, Sunswap, Cososwap, Biswap, Pofid and Jumbo, meaning that users can trade liquidity from other decentralised exchanges directly without having to establish liquidity on Bitbyte.
Once users have accessed the [Trading - Exchange] page, they can Search directly for the name of the token they wish to exchange, or select the corresponding token by adding the token's smart contract address.
After selecting a pair, the platform will quote a price in real time based on liquidity and choose the best path to lower the slippage to complete the transaction. Users can also set their own slippage points.
Here you can set your own slippage and trade time data. The platform defaults to a 1.5% slippage and a 20 minute trading time.
Slippage is the value at which the price of a currency is raised or lowered by someone else's trade when it is selected. To avoid this extreme situation, you can set the slippage percentage of your trade to choose your acceptable price increase.
Choose the number of currencies you want to buy and trade at the best price in the current market.
Set a limit price to place an order, and when the current currency price reaches the set price, the order will be triggered automatically. (Also, if a buy order is placed at a price higher than the market price, it will be triggered at the current market price, and if a sell order is placed at a price lower than the market price, it will be triggered at the current market price).
Set a take profit or stop loss price for the token; when the price reaches the trigger, it will be filled. Set a take profit price higher than the market price and a stop loss price lower than the market price.
