Q. What is Quick Trade
QuickTrade lets you buy and sell crypto assets instantly
Q. Why Quick trade?
The open order book system works by connecting sellers and buyers to match the supply and demand. Through this system, sometimes orders take time to execute if there is no buyer or seller in the market at a certain price. Now with QuickTrade, there is no waiting time for orders to get matched. Buy and sell orders are fulfilled instantly with Zero fees.
Steps to place a Quick Buy/Sell Order:
1. Go to Quick trade and select the token/coin
2. Tap on Quick Buy/Sell. Enter the amount of token or INR you want to buy/sell. Click on quick buy/sell
3. You will receive a preview of your trade. Your trade will be executed instantly once you click on "Confirm Trade".
You can view the history of your QuickTrade transactions at any point in time by clicking on the 3 lines (history tab) that are on the top right corner of the app.
You can also switch to another pair’s history from this screen by clicking on the current pair and choosing the pair you want to switch to from the drop-down.
You can also use our Quick trade feature on our https://web.zebpay.com/
Click on Quick Trade → Choose the pair you want to trade → select quick buy/sell and enter the quantity of tokens or amount and click on "Quick Buy/Sell".
Enter your 4-digit pin to confirm the trade and your trade will be executed instantly.
Is there any minimum/maximum buy/sell limit per transaction?
Yes, there are limits set for buying and selling and it varies from coin to coin. Please refer to the below link to check the limits: https://zebpay.com/in/fees/
What happens if the price changes?
You’ll get an error message ‘ The offered price has expired. Please re-order to get a new price.”
You can try again with the updated rate. You just need to refresh the app by clicking on three horizontal lines and clicking on the "Refresh" button.
What is the fee applicable on instant buy/sell transactions?
Quick Trade lets you buy and sell crypto assets instantly at a zero transaction fee. Yes! You heard it right, zero fees.
Where can I view the history of all the Quick Trades done by me?
You can view all your trades on the Quick Trade tab by clicking on the history tab( three lines on the top right) and selecting the relevant pair.
Will I get a separate statement for my Quick Trades?
You can view all these trades in your trade statement with the order type ‘Quick Trade’.
How is this different from Market orders on the Order Book?
This feature has a simple interface that allows you to buy/sell crypto instantly and is ideal for customers new to the world of crypto.
What is the reason for the variance in buy and sell price?
The main factor determining the spread ( difference between buying/selling prices ) is the trading volume. Usually, high-volume markets have a lower spread because of their higher liquidity (more competition among buyers and sellers). On the other hand, markets that are not liquid enough and present low trading volume tend to have a more significant spread.
Why is the price of some coins different in Quick Trade and Exchange?
Quick Trade offers you an option to buy or sell your tokens instantly without the hassle of entering the order in the order book. You can buy and sell as much as you want without worrying about liquidity. Whereas exchange works on an open order book where buyers and sellers place an order and the price is determined solely by them.