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Block DX Trading

Block DX is the fastest, most secure, most reliable, and most decentralized exchange (DEX), built on the Blocknet Protocol. Follow the guides below to learn how to check your balances, select your market, make orders, take orders, check order status, and view order history. If Block DX has not been setup yet, please follow the setup guide.

Balances

The first thing you want to do when starting Block DX is to check your balances. Balances displays the connected wallets along with the available balance. A connected wallet is one that has been configured and is currently open and unlocked. The available balance is the balance of the funds in a wallet that are not locked up.

Balances

The Available balance may show a value different than what's displayed in the wallet if:

  • The wallet is locked.
  • You have already made a trade that has locked up funds. You will want to create smaller inputs so that a single trade won't lock up more funds than needed.
  • The wallet uses legacy addresses. The funds will need to be moved to a newly generated address. The created address will automatically generate a legacy address due to the configurations already set.
  • The wallet may not have been configured.
  • The wallet was not restarted after the configuration.
Select Market
  1. The market selection tool can be found in the upper-left corned.

    Select Market

  2. Click the Select market pair button.

  3. A downdown will appear with two lists: the assets of the wallets you have connected and all assets listed on Block DX.

    Select Market

  4. From Connected Tokens, select the asset you would like to trade.

  5. Select the asset you would like to trade the first asset with. The first asset will be priced in terms of this asset. This asset must have a wallet configured.

    Select Market

  6. Select Select to view the chosen market.

    Select Market

Market Information

Each market has a price chart, depth chart, and market stats available.

Market Data

The market stats are above the price chart and show the last trade price, percent in price change over the last 24 hour rolling period, and volume over the last 24 hour rolling period.

Stats

The chart has the ability to zoom. To zoom in, click and drag the pointer over the are you want to zoom in on.

Price Chart Zoom

You can hover over the candles to show the information of each data point in the legend.

Price Chart Zoomed

To reset the chart, select the Show All button in the upper-right corner of the chart.

Show All

To the right of the price chart there's also a depth chart. The depth chart shows how much market depth there is of orders at certain prices.

Depth Chart

Hover order the depth chart to view the data values.

Depth Chart Hover

Make Order

Make Order

  1. Review the trading fees for making orders.
  2. At the left side of Block DX you will find an order form.
  3. Select either the buy or sell tab.
  4. For Amount (the first input), enter the amount you would like to buy or sell.

    Note: There are no limit, market, or partial orders.

    At the moment there are just Exact orders, meaning that orders must be taken for the exact amounts. Due to this setup, if trading a large amount it may be best to instead break the order into a few smaller separate orders.

  5. For Price (the second input), enter the price (rate) you would like to trade the first asset for.

  6. Total shows the total amount of the 2nd asset that will be traded for the first asset.
  7. In the address inputs, enter the addresses the funds will be coming from and going to. Make sure these are legacy addresses and not Segwit addresses.

    Bug: Right-click paste does not work properly.

    When pasting, use the Ctrl+v shortcut. Using right-click and paste will not be recorded in the input even though it's showing.

  8. Ignore Order ID, that should be blank when creating an order.

  9. Review your order.
  10. Select the place order button.
  11. The trade will now be visible as Open under Active Orders.

    Active

The Blocknet wallet and the wallets that are being traded out of must remain open and unlocked during trading. If the Blocknet wallet is closed, any open orders will automatically be cancelled.

Take Order
  1. Review the trading fees for taking orders.
  2. On the right side of Block DX you will find the order book. Order Book
  3. Click on the order you would like to take.

    Note: There are no limit, market, or partial orders.

    At the moment there are just Exact orders, meaning that orders must be taken for the exact amounts. Due to this setup, you must have enough funds to cover the entire sell amount of the order selected.

  4. The order form on the left side of Block DX will auto-populate.

    Take Order

  5. Make sure Balances shows enough funds in the Available column to cover the order.

  6. In the address inputs, enter the addresses the funds will be coming from and going to. Make sure these are legacy addresses and not Segwit addresses.

    Bug: Right-click paste does not work properly.

    When pasting, use the Ctrl+v shortcut. Using right-click and paste will not be recorded in the input even though it's showing.

  7. Review your order.

  8. Select the place order button.
  9. The trade will now be visible under Active Orders.
  10. The trade should complete in about 20-30 seconds.

The Blocknet wallet and the wallets that are being traded out of must remain open and unlocked during trading. If the Blocknet wallet is closed, any open orders will automatically be cancelled.

Order Status

Any orders that are open or in progress can be found in Active Orders.

Active

You can hover over the order to read the order state.

Active

Any orders that are cancelled, completed, or failed can be found in Inactive Orders

Inactive

Again, you can hover over the order to read the order state. There are different icons to represent each order state.

Inactive Complete Inactive Cancelled

If you have created an order, it will be indicated in the order book with a white dot.

Order Book

The Blocknet wallet and the wallets that are being traded out of must remain open and unlocked during trading. If the Blocknet wallet is closed, any open orders will automatically be cancelled.

Order History

At the bottom-right corner of Block DX you can find the trade history. The trade history information is gathered only for the wallets that are configured. Therefore, the trade history will only show the orders that have been completed since Blocknet wallet and wallets for the currently viewed market have been opened and unlocked. If the Blocknet wallet is restarted, this information will be cleared and no longer visible.

Trade History

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