- You can trade spot cryptocurrencies only on our mobile app, and not on desktop, web, MT4 or third-party platforms. You must download or upgrade to the latest OANDA app version on your Android or iOS device. The fxTrade app is compatible with Android 5.0 or higher, and iOS 14 or higher operating systems.
- Cryptocurrency trading accounts are opened with Paxos Trust Company LLC. You must activate this account from the HUB or the mobile app.
1. In the top left corner, tap on the three dots icon.
2. Select the spot crypto sub-account and tap on ADD FUNDS.
3. Next, follow the screen prompts to complete the funding process. For more information, refer to our deposit guide.
1. Go to the three dots icon and select the spot crypto sub-account, as shown in the following images:
2. Next, from the bottom bar on the main screen, go to Cryptocurrencies . Tap on BUY or SELL for any instrument.
Alternatively, if you already own some cryptocurrencies, go to the Portfolio A selection of securities held by an investor or financial institution. Portfolios are designed primarily to spread investment risk. tab in the bottom bar. Then from the Holdings tab, tap on the cryptocurrency you want to buy or sell.
The following images show examples of Quick Buy, Buy Limit and Sell Stop order tickets:
3. Optional : Click on the i icon next to the instrument name for instrument information. After you gather the required information, click Close .
The step, minimum trade size, maximum trade size and maximum position size conditions in the instrument information window can help you determine the volume you can buy or sell.
In this hypothetical example, the minimum trade size is 0.0001, the maximum trade size is 10, the maximum position size is 20 and the step is 0.00000001. You can place an order for 0.0001 (also represented by 0.00010000), or 0.00010001 (0.0001 + 0.00000001) or any such volume that’s a multiplier of the step. You can place an order up to a maximum of 10 trade size and 20 position size.
4. To select a buy order type, tap on Quick or Limit . To select a sell order type, tap on Quick , Limit or Stop . For definitions of these order types, refer to the spot cryptocurrency overview .
5. Analyze the prices on the chart. You can expand the charts to full screen view as shown in the following image:
You can change the chart duration by clicking on the bottom icon that shows one of the following:
- 1M (1 min)
- 5M (5 min)
- 1H (1 hour)
- 4H (4 hours)
- 1D (1 day)
For information on saving chart layouts, refer to our detailed FAQ.
- All price lists and charts use the server timezone (GMT+2 Standard Time or GMT+3 Daylight Savings Time) and not the device local time. The device local time (in the app settings) affects the trade execution and expiry time which is shown in the Portfolio section.
- The app only shows the history of the bid prices, not the ask prices.
6. Enter the volume in cryptocurrency units or in USD; entering one value will automatically calculate the other. Orders are processed in USD value.
7. In case of a Limit or Stop order, additionally enter the price at which the order should trigger and the expiry time after which the order should expire.
8. For Buy Limit orders, notice the reserved amount and the free equity amount. The estimated USD value of Buy Limit orders should be less than the combined value of free equity and our fee.
For Sell Limit and Sell Stop orders, notice the reserved coins and the free coins amount. The volume of cryptocurrencies in Sell Limit and Sell Stop orders should be less than or equal to the free coins (coins not reserved for your pending orders).
9. Click on BUY or SELL and confirm the order. Notice the estimated fee for your order and then confirm the order.
The following images show examples of Quick Buy, Buy Limit and Sell Limit order confirmations:
10. Notice the order status (filled, placed or rejected). Tap on DONE to complete the process.
The following images show examples of a filled Quick Buy order and a placed Buy Limit order.
11. Your order may now be placed, filled or rejected.
- To check your placed orders, go to the Portfolio tab on the main screen and then tap on the Pending Orders tab.
- To check your fully filled, partially filled, rejected or canceled orders, you can go to the Portfolio tab on the main screen and then go to the Order History tab. The Order History tab also shows the actual fee applied on the order.
You can save a maximum of three chart layouts by following these steps:
1. In the full screen chart view, click on the Save option.
2. Enter a name for the chart layout and click on Save.
3. In the full screen chart view, the Save option will be replaced with the name of your layout and a cloud icon.
4. Every time you want to save new changes, you must click on the cloud icon.
5. You can click on the dropdown next to the layout name to rename it, make a copy of the layout and to load chart layouts (previously saved by you). To create new layouts, you must use the Make a copy option of an existing layout.
6. If you click on Load chart layouts, you have the option to click on the x next to the layout names to delete them.
You can add risk management options such as Stop Loss or Take Profit after your buy orders execute. You can’t add them while creating new orders or while modifying pending orders.
1. Tap on Portfolio in the bottom bar, go to the Holdings tab, and tap on the holding you want to add risk management options to.
2. Tap on Risk Management.
3. Enter the Take Profit or Stop Loss price or both. Alternatively, enter the closing value(s) in USD; entering the value will automatically calculate the price and vice versa.
- You must enter a valid price that is a multiplier of the tick size. If the price entered is invalid, we will automatically adjust it to the closest valid price. For example, if a tick size is 0.25 and you enter 1223.24 as the price, we will automatically round it off to 1223.25.
- Closing value (USD) is calculated as take profit or stop loss price multiplied by the number of units.
- You can add risk management options to the entire holding only. If part of your crypto holding is reserved for your pending sell orders, cancel those orders before placing a Take Profit or Stop Loss order. If you place both Take Profit and Stop Loss orders simultaneously and one of them is triggered, the other will be automatically canceled.
Next, save your changes.
You can modify a pending Buy Limit, Sell Limit or Sell Stop order. Let’s look at an example of how to modify a Buy Limit order.
1. Tap on Portfolio from the bottom bar, go to the Pending Orders tab, and tap on the order you want to modify.
2. Tap on Modify.
3. You can modify the price or expiry.
4. Review the summary and click on CONFIRM .
5. Notice the order status and click on DONE .
You can cancel a pending Buy Limit, Sell Limit or Sell Stop order. Let’s look at an example of how to cancel a Buy Limit order.
1. Tap on Portfolio from the bottom bar, go to the Pending Orders tab, and tap on the order you want to cancel.
2. Tap on Cancel Order.
You can view your canceled orders in the Order History tab.
Click on the NAV shown on the top toolbar. The toolbar expands to show the account balance.
For spot crypto you will notice the following figures:
- NAV (sum of the cash balance and value of the crypto balance)
- Cash balance (amount of cash on your crypto account)
- Crypto balance (current value of your crypto portfolio in USD)
- Reserved amount (amount reserved for your pending buy orders)
- Free equity (NAV adjusted for value of pending buy orders)
Go to the Settings tab on the main screen. Next, click on the Maintenance Window to get the latest update on maintenance hours.
Go to the Settings tab on the main screen. Next, click on Close account. This action will prompt you to send out an email to our Customer Service team.