Market Order

How to create a buy or sale Market Order in Coinbase Pro

Left Pane

• Select Market drop-down menu
• Deposit and Withdraw buttons
• Buy and Sell buttons
• Market, Limit, and Stop – type of buy and sell orders
• Place Buy Order button

Select Market <– needs to be explained

• needs to be explained
• reserve

Deposit and Withdraw

• reserve

Buy and Sell

• Before pressing the Buy or Sell button,
  • make sure you are in the correct market
    • by selecting “Select Market” and selecting the correct market.
    • ex: BTC-USD for buying or selling Bitcoin
    • ex: ETH-USD for buying or selling Ethereum
• When the Trade screen is first displayed
  • the Buy button is already selected
  • and the Market tab is also already selected.

Market, Limit, and Stop orders

Market Orders

• Market orders are the easiest to explain.

Buying or Selling Market Orders

• It works the same way for buying or selling.
  • The only other information the market order needs
    • is how much money you want to spend on your order
  • Place the cursor in front of the 0.00 and enter the amount you want to spend.
    • Note the “Max” link under the word “Amount“
      • by clicking the “Max” link, indicates to Coinbase’s Trade Screen,
      • that all your currency in that particular portfolio, will be used for this order.
  • As your entering the Amount in your local currency
    • The Fee and Total fields display their contents based on what you entered
      • in the Amount field.

Pricing Tier for Fees	Taker Fee	Maker Fee
Up to $10k	0.50%	0.50%
$10k – $50k	0.35%	0.35%
$50k – $100k	0.25%	0.15%
$100k – $1m	0.20%	0.10%
1m-20m, 20m-100m, etc.	0.18%, 0.15%, etc.	0.08%, 0.05%, etc.

The Fee and Total fields

• The Fee is calculated by the tier you qualify for.
• After buying orders pass $10,000.00
  • after buying 4000 yesterday, 4000 today, and 3000 tomorrow
    • and paying 0.50% for Maker or Taker fees
  • Upon your next order, since you passed the $10,000 mark,
    • your now paying 0.35% for Maker or Taker fees.

• The Total field is calculated into the total amount of the coin or token your about to buy.
• For Bitcoin, that’s a number with 8 digits after the decimal point.
• As of today’s BTC-USD prices, one US dollar can be traded for 0.00001627 bitcoins.

• As you change the amount in the “Amount” field,
  • the Fee and Total fields will automatically update to reflect your changing order.

Place Buy Order

• Before clicking the “Place Buy Order” button,
• please note:
  • Because this is a Market Order, not a Limit or Stop order,
    • this trade will happen instantly,
    • unlike a Limit or Stop order, where you probably have time to cancel that order.
  • You will rarely have the chance to cancel a Market Order.

Canceling an Order

• There are two places where you can cancel an order.
  • In the Trade screen, the “Open Orders” panel, if displayed,
    • there is a box that you can check to cancel the order
  • From the “Orders” screen, within the “Open” tab,
    • there is a box that you can check to cancel the order.

• In the Trade screen, the “Open Orders” panel, if displayed, is located near the bottom of the screen,
  • and to would be to the left of the “Fills” panel, if that is displayed on the screen.
• In the “Status” or “Cancel” column, there is a box that you can check to cancel the order.

After the Order goes Through

• The Fee and Total fields are set back to zero.
• What was previously in the Total field is now added to your position in your portfolio.
• You can look at previously filled orders from the Orders button on top of the screen.