1. You first need to build up a balance of Rand (to buy crypto) or Crypto (to sell for Rand) in your account by depositing rand or depositing crypto.
2. Select a trading pair (currently BTC/ZAR, BTC/USDT and BTC/NGN are available for the repeat strategy).
3. Select Repeat
4. Using the BTC/ZAR pair as an example you can view the following Repeat strategy template:
5. You then make your strategy to either Buy or Sell
5a. Repeat Strategy | BUY BTC | SELL BTC |
5b. Enter Amount | Amount in ZAR to spend | Amount to sell |
5c. Order Type | Limit | Limit |
5d. Select period Daily | Daily | Daily |
5d. Or Select period Weekly (With Intervals) |  | |
5e. Activate | Click Buy and Confirm Strategy | Click Sell and Confirm Strategy |
Note: Once confirmed the Repeat Limit Order will be created immediately (and use the time of day stamp for Daily and Weekly trades)
Examples:
I would like to BUY R1000 of Bitcoin split over 4 weeks with a Limit order
{this will now place 4 limit orders at the weekly interval specified for a Fiat total of 250 per order}
OR
I would like to SELL 1 Bitcoin split over 4 weeks with a Limit order
{this will now place 4 limit orders at the weekly interval specified for a Fiat total of 0.250 btc per order}
Notes:
- A limit order will only execute at the price you specify otherwise it will stay open until cancelled or executed
- If your BUY price matches an existing SELL price, your order will be matched immediately.
- If, after matching, your order is not completely filled, then the remainder will be left as a partial buy order in the order book.
- If your BUY order is not matched with an existing SELL order, it will be listed with other orders waiting to be filled in the order book. There are no fees for placing multiple buy and sell orders at different prices
PRO-TIP: You can create, cancel and accept as many orders as you want, play around with the numbers to make your orders more attractive to other traders.