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BTDEX EXCHANGE

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hello everyone, about BTDEX exchange how does it work. can anyone here explain in detail how to use it? 

my first question is how to change the burst coins to other coins in the "contract" menu? because I want to try to turn it into doge

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#1 - June 09, 2021, 12:27:37 PM

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For cross-chain coins like Doge to Burst or vice versa, you can either take an existing offer someone else placed (similar to market orders in Forex) or you can create your own offer (similar to pending order in Forex). Setting your own offer is recommended because then you get the price you want and also you will earn some TRT later.

Watch this video and skip to the 3 minute mark to see how to do this:
https://youtu.be/GppDPWWXKfk
#2 - June 09, 2021, 01:37:47 PM

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For cross-chain coins like Doge to Burst or vice versa, you can either take an existing offer someone else placed (similar to market orders in Forex) or you can create your own offer (similar to pending order in Forex). Setting your own offer is recommended because then you get the price you want and also you will earn some TRT 
so we have to manually make offers and sales first sir? should we make our own price?

so you can't immediately sell a burst to turn into a doge?
#3 - June 09, 2021, 01:50:47 PM

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hello everyone, about BTDEX exchange how does it work. can anyone here explain in detail how to use it?

my first question is how to change the burst coins to other coins in the "contract" menu? because I want to try to turn it into doge
You can select the Contract Menu and then select Doge Coin.
#4 - June 09, 2021, 01:53:43 PM
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so we have to manually make offers and sales first sir? should we make our own price?
You can take an existing offer or make your own offer. If making your own offer, you can set your own price.




so you can't immediately sell a burst to turn into a doge?
Cross-chain coins like Burst and Doge work on different networks. Also, this is a peer-to-peer decentralized exchange. So it's not going to be instant.


#5 - June 09, 2021, 02:11:20 PM

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You can select the Contract Menu and then select Doge Coin.
okay my friend is starting to understand, have you ever tried it? How quickly can this be done? and how much does it cost?
#6 - June 09, 2021, 02:58:28 PM

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You can take an existing offer or make your own offer. If making your own offer, you can set your own price.


Cross-chain coins like Burst and Doge work on different networks. Also, this is a peer-to-peer decentralized exchange. So it's not going to be instant.
So that's it, a few more questions, what does the number of contract mean in the picture, sir? what to fill in?
#7 - June 09, 2021, 03:03:08 PM
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So that's it, a few more questions, what does the number of contract mean in the picture, sir? what to fill in?
Trading on BTDEX is handled by smart contracts. So you need to register a smart contract for every type of trade you want to make. This is a one-time process and it's cheap. So if you want to have 2 orders open at the same time for Burst/Bitcoin then register 2 smart contracts. If you want to to have 1 order open at a time then register 1 smart contract. Basically, the # of smart contracts is used for how many trades you will have open at the same time. It will not hurt anything to register more smart contracts than needed too. If you register 3 and only have 1 trade open, it does not matter.
#8 - June 09, 2021, 03:52:01 PM

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have you ever tried it? How quickly can this be done? and how much does it cost?
Yes, I have traded many times on BTDEX. The cost is cheap. Actually, if you place a limit order and someone else takes your offer, there is no cost and you actually get paid in TRT later in rebates.
#9 - June 09, 2021, 03:53:29 PM

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I have had only good experiences with BTDEX.  The BEST resource is the discord channel at:

https://discord.gg/zygEXUxS

A lot of friendly people hang out there and will answer your questions. 

Some youtube videos walk you through your first trade here:

https://www.youtube.com/playlist?list=PLjgSVmkP7iHbSqsU5zKmKMV-TQk16WUek

BTDEX requires no KYC!  You don't need to deposit your funds.  And you don't need to trust an exchange.
You control your funds from your own wallet and a smart contract ensure execution of the trade.  The mediation system is used if anything goes wrong.   BUT you will need some SIGNA (formally BURST) to start the process.

#10 - June 09, 2021, 05:39:58 PM

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Yes, I have traded many times on BTDEX. The cost is cheap. Actually, if you place a limit order and someone else takes your offer, there is no cost and you actually get paid in TRT later in rebates.
I'm starting to understand all of this sir So it's better to use a limit order, right, sir?
Does the limit order also follow the current crypto price, sir?

For example the price per 1 burst = 0.04 doge
If, for example, I do a sell limit at the price of 1 burst = 0.05 doge,
is that the way to play?
#11 - June 10, 2021, 05:09:33 AM

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I'm starting to understand all of this sir So it's better to use a limit order, right, sir?
Does the limit order also follow the current crypto price, sir?
All orders entered into BTDEX are for a set amount of BURST.  You will not get a price better than that specified.  
#12 - June 10, 2021, 11:04:57 AM

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I'm starting to understand all of this sir So it's better to use a limit order, right, sir?
In my opinion, yes.




Does the limit order also follow the current crypto price, sir?
It is similar to a pending order in Forex trading. So the price stays whatever you set. If nobody takes your offer then the price will remain the same until the order is either modified or canceled.


#13 - June 10, 2021, 11:52:40 AM

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BTDEX started error and unstable, all connections from europe, canada, australia can't. Burst wallets are also difficult to access. 

Has anyone experienced the same thing? Or is it the process of changing brands that caused all of this?
#14 - June 15, 2021, 08:43:52 PM

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Has anyone experienced the same thing? Or is it the process of changing brands that caused all of this?
I think it's related to the rebranding. I tried the burstcoin.ro node and it's working for me.
#15 - June 15, 2021, 09:03:09 PM

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