How to buy coins using the ‘Auto buy’ order type?
Our auto buy feature puts you in control, helping you maximise gains without eyes on the charts 24/7. It allows you to automatically purchase a cryptocurrency at a desired price, set by you, and in advance.
Setting up an auto buy
To set up and auto buy, click on ‘Buy/Sell/Trade’, then the ‘Buy Coin’ tab. This will lead you to the ‘Buy Coin’ page. Here, you’ll be able to select your order and complete your purchase.
Firstly, you’ll need to choose the ‘Auto buy’ order type.
Enter the amount of AUD you would like to spend on the coin in the ‘Amount’ field, and set the price you want the buy order to be triggered in the ‘Trigger Price’ field. You can then click on ‘Select a coin to buy’ to choose the coin that you would like to buy.
Review your ‘Buy summary’ to ensure that you are buying the right coin and that you have set the correct price for the buy order to be triggered at.
The ‘Buy summary’ lists the amount you’re spending - your ‘Order amount’, the price at which the order will execute - ‘When the price reaches’, the fee charged by Cointree - ‘Cointree fee’, and an estimate of the amount of the coin you will be buying - ‘Coin to buy’.
You can then tick the “I accept the Cointree terms of service & refund policy” box and ‘Confirm’ to proceed with the purchase.
*Note: ‘Auto buy’ order types are processed as a ‘Market price’ order, so the figure shown is a best estimate of how much coin you will be buying once the price trigger has been met.
You’ll get a successful message stating “Auto buy set” once your auto buy has been set.
To review your auto buy, you can visit the ‘Auto-actions’ page listed under the ‘Buy/Sell/Trade’ menu. Here you will be able to review and manage current price alerts and auto actions, and review past price alerts and auto actions.