Trading on ZebPay Exchange: Master the Order Book

Modified on Tue, 26 May at 2:44 AM

Created on Wed, 30 Sep, 2020 at 6:15 PM

Want more control over your trades? ZebPay's Exchange lets you set your own price, giving you the power and flexibility of a professional trading experience.

What is the Open Order Book?

The order book is a live list of all open buy and sell orders on the exchange for a specific trading pair — think of it as a bustling marketplace where buyers and sellers come together to trade crypto at prices they agree on.

Every open order represents another trader saying: "I'm ready to buy or sell at this price." Your order gets executed the moment a matching order appears on the other side — when a buyer's and seller's price and quantity align perfectly.

Place an order

Put your buy or sell offer on the order book and wait for another trader to match it at your preferred price.

Take an order

Browse the existing open orders on the book and instantly take one that matches what you're looking for.

How does the Order Book work?

Here's a real-world example to make it crystal clear:

Example — POL/INR pair

Say you place a buy order for 10 POL at a certain price. If a sell order for 7 POL comes in at the same price, your buy order gets partially executed for 7 POL. The remaining 3 POL stays as a pending order on the book — waiting for the next matching sell order to come along, or until you cancel it.

Orders placed on the book stay live until one of two things happen — another trader takes your offer, or you cancel it yourself. It's your trade, your terms!

How to view your pending orders

1. Go to the Exchange screen

Navigate to the Exchange section of the ZebPay app.

2. Tap on the token you placed an order for

Select the specific coin or trading pair from the exchange screen.

3. Scroll down and tap 'My Orders'

Scroll to the bottom of the token page and tap My Orders to see all your pending open orders for that pair.

Heads up! The My Orders tab shows your total INR pending across all buy orders on the order book — not just the token you're currently viewing. So if you see a pending INR amount but can't spot a matching order for the current token, you likely have a pending buy order for a different token.

How to cancel a pending order

1. Find the order you want to cancel

Navigate to My Orders for the relevant trading pair.

2. Tap the ✕ next to the order

Hit the X icon next to the order you'd like to cancel.

3. Confirm the cancellation

Tap Yes to confirm or No to keep the order active. A confirmation message will appear at the bottom of your screen once cancelled.

Good things to know:

Order validity: All buy and sell orders remain active on the order book for 60 days from the date they were placed. If an order hasn't been executed or manually cancelled within 60 days, it will be automatically cancelled at 12:00 AM UTC on the 61st day.
Partial orders: Any partially executed order that reaches the 60-day limit will also be auto-cancelled.
Balance not updated after cancellation? Don't panic! Simply tap the three horizontal lines (☰) on the top left of your home screen and hit the Refresh button. Your balance will update in moments.
Still not showing? Clear the app's cached data, restart the app, and your balance will be right there waiting for you.

Prefer trading on a bigger screen?

You can also access ZebPay's full Exchange experience on your desktop or laptop via our web platform!

Visit the ZebPay Exchange at zebpay.com/exchange to trade from your desktop — same powerful order book, bigger screen!

Need further assistance about anything else? We are here for you!

Please contact us by raising a support ticket.