When trading on KDX, you can place an order in three ways:
- Market Order – Buy or sell immediately at the best available price.
- Limit Order – Buy or sell at a price you choose.
- Stop Order – An order that is triggered when the price reaches a set level.
Before placing an order, please make sure you have enough available balance in your account to cover the order amount and any applicable trading fees.
What happens after you place an order?
Once an order is placed, the required amount is temporarily held in your account. This ensures the order can be completed when a matching price is found.
You may cancel an open Limit Order or Stop Order at any time before it is completed. No fees are charged for cancelled orders.
How your orders are matched
KDX matches orders using a fair and transparent method called price-time priority.
- Orders with the best price are matched first.
- If multiple orders have the same price, the order placed earlier is matched first.
When you place an order that is filled immediately, it is matched with the best available order already on the order book.
If your order cannot be fully completed at one price, it will continue to match with the next best available prices until the order is completed or no more matching orders are available.
Maker and Taker orders (simple explanation)
- Maker Order: An order that waits on the order book until another user matches it.
- Taker Order: An order that is filled immediately using existing orders.
All customers on KDX are treated equally, and the same matching rules apply to everyone.
Having trouble? Contact us at support@kineticdax.zendesk.com