COBINHOOD is a cryptocurrency service platform that provides cryptocurrency trading and ICO services—aiming to solve the existing problems of many cryptocurrency and blockchain platforms. COBINHOOD Exchange is a cryptocurrency trading platform that features ZERO trading fees to maximize traders’ profit and market liquidity.
I. Setting up your account in COBINHOOD Exchange
II. Checking your funds
1) Once logged in, click the top right button for the menu to slide out.
2) Click Funds.
3) Whether you’re on the Deposit or Withdraw tab, you should be able to see the list of coins, total balance, available balance, on order, USD Value, and actions that you can do with your funds.
4) When your mouse cursor hovers over the Estimated Value amount, you should be able to see its full USD value.
III. Starting Trading
Click Exchange to view the exchange platform dashboard.
Located at the top left corner (right next to the COBINHOOD logo), click this for the list of available trading pairs to drop down.
Trading pairs are two currencies you want to compare and then potentially exchange the value from one to the other based on different determining factors. From the drop-down menu, select or search for the trading pair you want to evaluate and use on the exchange platform. The default pair is COB/ETH.
When you click on your preferred trading pair, the charts, order book, trade history, order pair, and the balance amount seen on the exchange should also update, accordingly.
This is the panel on the right, divided into three sections: The order books of Buying, Selling, and the Spread in between. The Order Book on the platform is an open ledger which lists all current orders and order instructions from traders, arranged in an order ladder format.
As an exchange platform, you have access to trade one token to another, which can be performed by choosing to either buy or sell a token on the Order Form panel, located on the right side of your dashboard. On the order form panel, you can choose to place a market, limit, stop, or stop-limit order which will be executed in a timely manner.
How to place orders for buying or selling:
1) Market Orders
If you want a quick trade, select Market above the buy/sell buttons to place a market order at the current market prices. Enter your desired order amount in the Amount field and you should also be able to see the current Market Price and the Total Price of your order. Then you can choose to Buy or Sell by clicking the appropriate button.
*Current Market price may vary from the final amount you pay or get depending on the order book and market orders cannot be canceled because they are filled immediately.
2) Limit Orders
Select Limit if you want to set a maximum or minimum price at which you are willing to buy or sell. Enter the size of your order in the Amount field then the price you want to set your order in on the Price field. The Total Price of your order will also be displayed. Then you can choose to Buy or Sell by clicking the appropriate button.
*A limit order may be partially filled and is subject to price adjustments depending on market orders.
There are green and red dots on the interface. Clicking on the green button will enter the highest bid for you, while the red one gives you the lowest ask. Likewise, the green dot calculates the max buy amount with your available balance, while the red one calculates the maximum amount you can sell with your available balance.
3) Stop Orders
A stop order is a trade order to buy or sell once the price reaches a specified price. A buy stop order is entered at a stop price above the current market price, while a sell stop order is entered at a stop price below the current market price.
To place a Stop Market order, Select Stop then specify the amount and price at which the order should be triggered.
*Stopping orders are executed as market orders and may incur slippage.
4) Stop-Limit Orders
A stop-limit order will be executed at a specified price, or better, after a given stop price has been reached. There are two prices specified in a stop-limit order: the stop price that will convert the order to a buy or sell order, and the limit price. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.
*If the market price is moving quickly, there is no guarantee that this order will be filled.
IV. Providing feedback, finding bugs, and feature requests
- Bug report and bounty: If you would like to disclose security vulnerabilities about our platform, you can do so through our bug bounty program. Please refer to https://hackerone.com/cobinhood.
- If you have general comments, feedback, or feature requests, click the link, https://cobinhood.zendesk.com/hc/zh-tw/community/topics and select the right sections then fill in the needed information. We will be glad to hear from you.