What digital currencies can I trade other than Bitcoin?

Current list of digital currencies available on the CoinZoom Exchange:  

https://www.coinzoom.com/trading-platform/



How do I buy/trade digital currency?

Using a Web Browser

  1.    Go to the "Trade" page.
  2.    Select the type of currencies you'd like to trade. (Currency Pairs with USD, BTC, or USDT)
  3.    Choose 'Buy' or 'Sell'
  4.    Select your desired payment method (Market, Limit, Stop) -- More Information here
  5.    Enter the amount you'd like to buy or sell (along with 'limit' and 'stop' prices if needed)
  6.    Confirm the order is correct and click Buy or Sell


Using the iOS & Android Apps

  1.    Tap the menu icon near the top left of the screen to open the Navbar.
  2.    Select Market from the Navbar.
  3.    Select the currency pair you'd like to trade
  4.    Select whether you are buying or selling
  5.    Select your desired payment method (Market, Limit, Stop) -- More information here
  6.    Enter the amount you'd like to buy or sell (along with 'limit' and 'stop' prices if needed)
  7.    Confirm the order is correct and click Buy or Sell
  8.    Confirm once again.



Order Types

CoinZoom offers several order types via the Order Form box to give you the tools necessary to execute your trading strategy successfully.


Order Types

Limit

Market

Stop


Limit

A limit order is one of the most basic order types. It allows the trader to specify a price and amount they would like to buy or sell.


Example: If the current market price is 250 and I want to buy lower than that at 249, then I would place a buy limit order at 249. If the market reaches 249 and a seller’s ask matches with my bid, my limit order will be executed at 249.


A buy limit should be placed at a price below the current market buy price.  A buy limit placed below the current buy price will be charged the Maker Fee if the order is filled.  A buy Limit placed above the current buy price will be filled immediately and be charged the Taker Fee.


A sell limit should be placed at a price above the current market sell price.  A sell limit placed above the current sell price will be charged the Taker Fee if the order is filled.  A sell limit placed below the current sell price will be filled immediately and be charged the Taker Fee.

 

Market

A market order is an order type that executes immediately against the best price available. As long as there are willing sellers and buyers, market orders are filled. A market sell will match the best available bids on the order book, and a market buy will match against the best available asks on the order book.


Market orders are often used when rapid execution is prioritized over the price at which the order executes. When placing this order, the trader prefers the trade to happen immediately at the current best price available.


Market orders are charged the Taker Fee.

 

Stop

A stop order is used to trigger a market buy or sell when the market crosses your trigger price

This is often used as a stop loss order if the market is moving against an open margin position. Stop orders will fully execute as a market order once the trigger price is reached.


Example: If the current market price is 250, the trader in a long position might want to sell if the price reaches 245. A stop sell at 245 will be used in this case.


If shorting, a trader would place a  buy stop above the current price. This would mean that if the market goes against their short (up) they can cut their losses by buying to close or reduce their short position.


Example: If the current market price is 250, the trader in a short position might want to buy if the price reaches 255. A stop buy at 255 will be used in this case.


A sell stop should be placed at a price below the current market buy price.  A sell stop placed below the current sell price will be charged the Maker Fee if the order is filled.  A sell stop placed above the current sell price will be charged the Taker Fee if the order is filled.


A buy stop should be placed at a price above the current market sell price. A buy stop placed above the current buy price will be charged the Maker Fee if the order is filled.  A buy stop placed below the current buy price will be charged the Taker Fee if the order is filled.


Page showing fees:

https://www.coinzoom.com/fees/



Order Book Terms

Bids/Asks:

The Bid side of the order book is on the left and colored green. The Ask side of the order book is on the right and colored red.


Count:

This is the total number of orders at that level. A count of 1 means that 1 order is at that price point. A count of 6 would mean that there are 6 orders at that price point.


Amount:

This is the number of coins offered at a specific price point.


Total:

This is the cumulative number of coins offered to a specific price point. In other words, this is the sum of all “amounts” leading to this price level in the order book.


Price:

This is the offer price by a trader or traders at a specific price point.


Per:

In the funding order book, this is the amount of time the funding is being requested for (by bidders) or offered for (by funding providers). It can be 2-30 days. If there is one or are multiple offers at a specific rate for the same period, then only that period will display. If there are multiple offers at the same rate but different periods, then a range will display (2-30).


Rate:

In the funding order book, this is the interest rate bid by the trader or ask by the funding provider.


Precision (- / +):

It is possible to decrease or increase the precision of offers displayed in the order book. Press the (-) if you wish to see orders grouped together for a broader view of the entire order book, or (+) if you prefer to see more detail in the order book.


Full Book:

Clicking this will reveal the entire order book.


Frequency (Real Time or Throttled):

Selecting “Real Time” will produce live results of order book changes as they occur. Selecting “Throttled 5s” will update the order book every 5 seconds.


How do I view account history?
  1. Log into your CoinZoom trading account.
  2. Click on "Transactions"
  3. Click on "User Trade History"


How do I cancel a pending order?

You cancel a pending buy or sell (buy limit, sell limit, buy stop, sell stop).


Under the Trade tab, go to "Open Orders"


Find the order you want to cancel and click the red "Cancel" button


Can I buy ZOOM tokens using BTC?

Yes!!!


1.  Go to the Trade tab

2.  Click BTC in the market watch

3.  Choose ZOOM/BTC from the list 

4.  Enter the Amount you want to purchase

5.  Click the green "Buy ZOOM" button


How do I manage Open Orders?

You can view and manage open orders:


Web:

Log into your CoinZoom Account

Click on "Orders"


Mobile:

Log into your CoinZoom application

Click the Drop Down Menu in the upper left hand corner

Click "Order Management"