How to Place Your First Trade: Market & Limit Orders Explained
Walk through placing a spot trade on Cointivo — understand market orders, limit orders, and how the trading interface works.
Understanding the Trading Interface
Navigate to Trade and select a market, e.g. BTC/USDT. The screen is divided into:
- Price Chart: Candlestick chart showing price history.
- Order Book: Live list of buy (green) and sell (red) orders waiting to be filled.
- Order Form: Where you enter your buy or sell order.
- Recent Trades: A live feed of the last completed trades.
Market Orders vs. Limit Orders
Market Order
A market order executes immediately at the best available price in the order book. Use it when speed matters more than the exact price.
- ✅ Instant execution
- ⚠️ You pay a slight premium (the spread) compared to the mid-price
Limit Order
A limit order lets you set the exact price at which you want to buy or sell. The order sits in the order book until the market reaches your price.
- ✅ Better price control
- ⚠️ May not fill if the price never reaches your target
- ✅ Usually pays lower (maker) fees on Cointivo
Step-by-Step: Placing a Limit Buy
- Go to Trade → BTC/USDT (or any pair).
- Click the Buy tab in the order form.
- Select Limit as the order type.
- Enter your desired price (e.g. 60,000 USDT).
- Enter the amount of BTC you want to buy, or use the percentage slider.
- Review the total cost shown, then click Buy BTC.
Your order appears in Open Orders below the chart. When the market price touches your limit price, the order fills automatically.
Step-by-Step: Selling
Click the Sell tab and repeat the same process. Enter a price above the current market price to create a limit sell order that will execute when the price rises to that level.
Understanding Fees
Cointivo charges a small percentage fee per trade:
- Maker fee (limit orders that add liquidity): lower rate
- Taker fee (market orders that remove liquidity): slightly higher rate
Your exact fee tier is shown in Account → Fee Schedule. Higher 30-day trading volume unlocks lower fees.
Tips for Your First Trade
- Start small — trade an amount you are comfortable learning with.
- Use the USDT pairs first — it is the most liquid market on Cointivo.
- Check the order book depth before placing large orders to understand available liquidity.