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UnitEx — Buy and Sale of tokens

UnitEx is a crypto exchange that allows anyone to buy and sell tokens of blockchain CryptoUnit. Holders of unfrozen CRU tokens can sell them on the UnitEx exchange (at the market price). And everyone who wants to receive unfrozen CRU tokens can purchase them from other participants through the exchange. In addition, UNTB tokens, as well as popular cryptocurrency tokens such as BTC, ETH and EOS, are available for exchange on the exchange. In the future, other tokens will also be added to the UnitEx exchange, including the Cryptounit WCRU security tokens (only unfrozen).

Trading on the UnitEx exchange is paired with the USDU token — the stablecoin from UGPay Group AG. 1 USDU = 1 USD. Read more about USDU tokens here.

All articles on the UnitEx exchange:

• What is UnitEx crypto exchange (Unit Exchange)
• Registration and verification of an account on the UnitEx exchange
• Deposit and withdrawal of balance from the UnitEx exchange
• Buy and Sale of tokens on the UnitEx exchange

If you have not yet registered and verified your account on the UnitEx exchange, be sure to read the instructions “Registration and Verification of your account on the UnitEx exchange” — the link above.

Buy and Sale of tokens on the UnitEx exchange

The UnitEx is a complete tool for exchange between users. Working with the “Exchange” section is similar in principle to working with other cryptocurrency exchanges. If you have never used cryptocurrency exchanges before, then practice first on small exchange amounts.

Fig. 1 — Section “Exchange” on the UnitEx

Let’s consider the main elements of the “Exchange” section necessary for making a purchase or sale on the UnitEx exchange.

1. MARKET OVERVIEW. From this window you should start working with the “Exchange” section on the UnitEx. Here is a list of pairs that are traded on the UnitEx. Switch to the pair that interests you, to do this, click on the name of the pair (in Fig. 2, the CRU-USDU pair is selected — by selling CRU tokens, you will receive USDU tokens). All other windows of the “Exchange” page will display the Information for the selected pair.

Fig. 2 — Choosing a pair for exchange on the UnitEx

2) ORDERBOOK. This window displays all current buy and sell orders. Before placing your order to buy or sell, you should look in this section at what price and for what volume the orders are now placed. At the top of the order book are displayed red orders — these are sell orders (that is, you can buy at this price now). At the bottom of the order book are displayed green orders — these are buyers’ orders (that is, you can sell at this price now).

Fig. 3 — Analysis of the order book on the UnitEx exchange

For example, if you are going to buy CRU tokens, you can see that 916 303 CRU orders are currently placed at the price of 0.10 USDU (see Fig. 3 — red orders). In this case, placing now a limit order to buy CRU at a price of 0.10 USDU, it will be executed instantly (in this example, if the purchase is not more than 916 303 CRU). But, if you place a limit order to buy CRU at a price of 0.09 USDU, then it will be added to the order book for green orders and to execute your order, you will have to wait until those who place a sell order at 0.09 USDU appear.

Also, if you are going to sell CRU tokens. In this example, if you place a limit order to sell CRU at 0.09 USDU, it will be executed instantly (if the purchase is not more than 102 106 CRU — see Fig. 3). If you set a higher sell price, then your order will be included in the list for all red orders.

3) Window for placing a buy or sell order. Specify the “Limit” type of order. Enter the amount of tokens and the price at which you are going to place an order and click the Sell or Buy button.

The UnitEx exchange takes a commission for the transaction (the size of the trading commission is from 0.04% to 0.5%). As a result of the execution of the order, you will receive an amount slightly lower than indicated.

Fig. 4 — Placing a limit order on the UnitEx exchange

It is better to use the “Limit” type of order, which specifies the price at which the order must be executed. If you send an order with the “Market” type, then your order will be executed instantly at the market price, if at this moment happen a sharp price change then your order can be executed at a price that you would not expect.

4) OPEN ORDERS. This window contains a list of all your orders that have not yet been executed. To display a complete list of orders, click on the name of the pair (in Fig. 5: “CRU-USDU”). You can cancel an order that has not yet been executed by clicking the “X” button. Information about executed orders is displayed in the “TRADE HISTORY” section.

Fig. 5 — Open orders on the UnitEx exchange

For a more detailed technical analysis of prices on the UnitEx exchange, there is the “RECENT TRADES” window, which displays the history of all transactions recently executed on the exchange, and also a window with a price chart.

Read also: How to Deposit the balance and make a Withdrawal from the UnitEx exchange — see the links “All articles on the UnitEx exchange” at the top of this page.

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