Opening a Trade
Last updated
Last updated
Minimum opening position size: Cryptocurrencies $1500 , Forex $10000
Limit Orders are only valid for up to 1 week and will be automatically canceled thereafter. Please note that if the user's USDC balance is insufficient or for any other reason the Limit Order cannot be executed, it also may be canceled beforehand.
Sign In (Connect your wallet) to Gambit.
Select an asset you wish to trade on the left top side of the page. (Refer to the list of supported pairs)
Select long or Short on the Trade UI.
Choose trading option between Market | Limit | Stop. Read more about these options here. (Limit and Stop orders incur no fees until they are actually matched)
Enter the amount of collateral you wish to use. This is the asset that will be used as collateral. The current available USDC balance is displayed in the top right corner.
Select or enter a leverage multiplier either by scrolling or entering a number.
Assign a Stop loss Price and Take Profit Price, if needed. The default setting does not include a Stop Loss. If Stop Loss is not set, please be aware that your position may be liquidated if the price falls more than 90% compared to the collateral. Take Profit is set at a default of 900%. It is limited to a maximum of 900%.
Press "Market/Limit/Stop {Pair Name} Long/Short" button and use your wallet to accept transaction.
For security purposes, if a signature is required from the wallet (such as MetaMask), it must be completed within 30 seconds. This measure prevents the misuse of outdated signature values.
