How can I start trading on Celo DEX and what are the fees involved?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! Here's a step-by-step guide to start trading on Celo DEX: 1. Connect your wallet: Visit the Celo DEX website and connect your wallet using a compatible wallet like MetaMask or Valora. 2. Deposit funds: Deposit the desired cryptocurrency into your wallet. 3. Select a trading pair: Choose the trading pair you want to trade. For example, CELO/USDT. 4. Place an order: Enter the amount and price at which you want to buy or sell. Review the transaction details and confirm the trade. 5. Confirm the transaction: Approve the transaction on your wallet. 6. Wait for the transaction to be processed: Transactions on Celo DEX may take some time to be processed due to network congestion. 7. Monitor your trades: Keep an eye on your trades and manage your portfolio accordingly. As for the fees, Celo DEX charges a trading fee of 0.3% for both makers and takers. Additionally, there may be network fees associated with the blockchain used for the transaction. Make sure to check the current fee rates before trading.
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• Dec 25, 2021 · 3 years ago
  Starting trading on Celo DEX is easy! Just follow these steps: 1. Connect your wallet: Open the Celo DEX website and connect your wallet. 2. Deposit funds: Transfer your desired cryptocurrency to your wallet. 3. Choose a trading pair: Select the trading pair you want to trade. 4. Place an order: Enter the amount and price for your trade. 5. Confirm the transaction: Review the details and confirm the trade. 6. Wait for the transaction to complete: Transactions on Celo DEX may take some time to process. 7. Manage your trades: Monitor your trades and make adjustments as needed. Regarding fees, Celo DEX charges a 0.3% trading fee for both makers and takers. Additionally, there may be network fees depending on the cryptocurrency you're trading. It's always a good idea to check the fee schedule before trading.
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• Dec 25, 2021 · 3 years ago
  Starting trading on Celo DEX is a breeze! Just follow these steps: 1. Connect your wallet: Head over to the Celo DEX website and connect your wallet. 2. Deposit funds: Transfer your desired cryptocurrency to your wallet. 3. Select a trading pair: Choose the trading pair you wish to trade. 4. Place an order: Enter the amount and price for your trade. 5. Confirm the transaction: Double-check the details and confirm the trade. 6. Wait for the transaction to be processed: Transactions on Celo DEX may take some time to process due to network congestion. 7. Keep an eye on your trades: Monitor your trades and adjust your strategy as needed. In terms of fees, Celo DEX charges a 0.3% trading fee for both makers and takers. Additionally, there may be network fees associated with the blockchain used for the transaction. Make sure to consider these fees when trading on Celo DEX.
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