CoinList Pro supports several order types, including:
A market order is the most straightforward type of order. It executes immediately against the best price available. As long as there are willing buyers and sellers, market orders are filled.
A market sell will match the best available bids on the order book, and a market buy will match against the best available asks on the order book.
Market orders are often used when you need to prioritize speed over price, for example, when taking advantage of a fast-moving bull run. You'll use this order when you need your trade to execute immediately at the current best price available.
A limit order allows you to specify a price and amount you would like to buy or sell at.
Example: If the current market price is 8000 and you want to buy lower than that at 7900, then you would place a limit buy order at 7900. If the market reaches 7900 and a seller’s ask matches with your bid, your limit order will be executed at 7900.
CoinList Pro supports two kinds of triggerable orders: stops and take profits. These are orders that aren't added to the order book until some price threshold is reached.
A stop market or stop limit order is an instruction to add a market or limit order to the book once the trigger price has crossed the stop price. By default, the stop price indicates the mark price at which to trigger the stop, but stops may also be configured to trigger on last trade price or underlying index price rather than mark price.
Stop orders rest in the matching engine until the trigger price goes 'outside' the stop price:
Upon triggering, the stop order is converted to a regular market or limit order. This order becomes available for execution in the first auction following the one which triggered the stop. The order will incur the standard fees, as any order inserted at the time of the trigger would.
While it is untriggered, a stop order is invisible to other traders, and is not included in the book. Once it is triggered it becomes visible (as it is now a normal market or limit order).
Note that the time priority of the order is based on the time at which it was triggered, rather than the time at which the stop was last updated.
A stop market order may be specified with either a fixed or percentage trail value, which causes the stop price to be pegged to no more than a fixed offset away from the order's trigger price (which is a mark price, index price, or last trade price, depending on the order's specified trigger type).
When the trigger price moves away from the current stop price, the stop price is moved as well, thus the stop price trails the trigger price. (Note however that when the trigger price moves towards the current stop price, the stop price doesn't change, otherwise the order would never trigger.)
For example, on a stop market sell order, setting a $-100 trail value will have the effect of setting the stop price $100 below the trigger price. If the trigger price is $1000 at the time the order is entered, the stop price will be $900. If the trigger price moves up to $1050, the stop price will be updated to $950. If the trigger price then moves down to $990, the stop price will stay at $950, and if the trigger price keeps moving all the way down to $950, the order will be triggered, and will convert to a normal market sell.
In other words, the stop price of a stop sell order will move up along with the market, but is kept constant as the price falls towards the stop (and vice-versa for a stop buy order).
A take market or take limit order is the same as a stop market or limit order, but with the trigger directions reversed. That is:
The post-only order is a limit order that ensures the order will be added to the book and not match with a pre-existing order. If your order matches with a pre-existing order, your post-only limit order will be rejected.
The Post-Only Order ensures that you will receive the maker rebate, and not pay a taker fee. It prevents placing a limit buy order that matches against the sell side of the order book (and vice versa, for sell orders), which would normally result in taker fees.
The depth of the order book prices can be adjusted to increase or decrease the increments between price levels that are displayed.
To adjust the displayed price levels, click on the controls (- and +) in the lower right of the Order Book.
CoinList Pro’s orders module can be configured to view the information that is most important to you about your account orders.
To adjust the displayed columns, click on the settings button, select Manage Columns, choose the order data you would like to be displayed, and click Done.
CoinList Pro’s orders module can be easily reset to the default display if you have made changes that you would like to undo.
To reset the displayed columns, click on the settings button and select Reset Widget.
CoinList Pro’s chart supports multiple timeframes, allowing you to easily view market data across different periods of time.
To change timeframes, click the periodicity dropdown and select the desired period.
The following timeframes are currently supported:
CoinList Pro’s chart supports multiple charting styles, allowing you to visualize market data just the way you want.
To change the chart style, click the candle icon between the periodicity dropdown and the compare dropdown and select the desired style.
The following chart styles are currently supported:
CoinList Pro’s chart allows you to add a second product to a chart in order to conduct comparison analysis and explore the price relationship between two assets.
To add a second symbol to the chart, click on compare in the lower right of the chart area and select the desired asset that you wish to add for comparison.
Order confirmations can be turned on and off in order to facilitate the trading experience that you want.
If the order confirmation is enabled, a window will be displayed after clicking the buy or sell button on Order Entry, which will show order information and either require the confirmation of the buy or sell action to actually submit the order or choosing to halt the order from being submitted by clicking Cancel or closing out of the order confirmation window.
If the order confirmation is disabled, one-click trading is activated and clicking the buy or sell button will submit your order without any additional pre-trade confirmation.
To enable or disable the order confirmation, click on Settings in Order Entry and either check to enable or uncheck to disable.
Your order size can be entered in two ways when using Order Entry to place an order:
When choosing either order size option, you will be able to reference the other value, which will automatically populate once you enter the desired contract quantity or notional value, before placing the order.
To select the desired order size method, click the dropdown menu in the quantity/notional value field.
Maximum order sizes can be rapidly determined with one-click in Order Entry, allowing you to quickly go “all-in” if a trading opportunity is presented.
To quickly size your order with the maximum buying or selling power in your account, simply click the max buy or max sell buttons, and the quantity or notional value will automatically populate with the largest order size possible for your account.
Open positions can be quickly closed and all working orders for a contract can be canceled when using CoinList Pro’s order book in trade mode.
To close an entire position and cancel all working orders for a particular contract, click on the manage dropdown and select Close Positions.
Note: This feature uses a single market order to close the position, which could impact the price at which the position is closed depending on market conditions and liquidity when the order is placed.
Open positions can be quickly closed and all working orders for a contract can be canceled directly from CoinList Pro’s positions module.
To close an entire position and cancel all working orders for a particular contract, click on the X next to the contract position you wish to close and select Close Positions.
Note: This feature uses a single market order to close the position, which could impact the price at which the position is closed depending on market conditions and liquidity when the order is placed.
CoinList Pro’s order book can be used to place trades and manage orders directly on the order book, allowing you to take trading action while you view market depth.
Order book trading includes:
All orders that are actively working in your account can be viewed in the orders module. This will include orders for all pairs you are trading as the default, which can be filtered to the currently selected asset to focus exclusively on one trading pair.
CoinList Pro’s “Orders” module shows your order history, including orders that have been filled, canceled, and rejected.
CoinList Pro’s orders module shows your filled orders in two different places: Fills shows you exclusively filled order activity and Order History shows fills along with other order activity.
In theory, a Maker is an order that adds liquidity to the order book and a Taker is an order that removes liquidity.
In practice, there are some edge cases on CoinList Pro that one should be aware of.
1. A market order is a taker unless:
2. A limit order is a maker unless:
In order to prevent prevent large slippage on the exchange, CoinList Pro employs price protections on its market and limit orders.
This is the maximum (buy market) and minimum (sell market) price that can be executed via a market order. If a market order has remaining unfilled quantity, it will effectively become a resting limit order at the maximum/minimum price.
This is the maximum buy limit and minimum sell limit price that can be submitted via a limit order. There is no minimum limit on a buy limit price or maximum limit on a sell limit price.
If an order is a Stop Limit Order, the Reference Price is the Stop Price, otherwise it is chosen in the following order:
1. Last Trade Price
2. Best bid if it is higher than, or best ask if it is lower than, the previous midpoint quote.
Market orders refer to trades that are purchasing a given asset at the current market price (i.e. spot price) for the asset. You can place a market order by following these instructions:
CoinList Pro’s order book supports canceling working orders when in trade mode.
You can cancel individual working orders or cancel all working orders quickly in CoinList Pro’s order module. To cancel individual orders, simply click the trash can icon next to the order you wish to cancel.
In order to access CoinList Pro’s API, you will need to generate an API key and secret. API keys represent read, write, and/or fund transfer entitlements on a specific CoinList entity's trading account.
To get your unique API key, click on the dropdown menu in the upper right of the CoinList Pro platform, select API, and then click Create New Key.
Here is the direct link to CoinList Pro’s API documentation.
To access CoinList Pro's API documentation from the trading platform, click on the dropdown menu in the upper right of the platform, select API, and then click API Documentation.
Once you’ve provided that information, the last step is to set up 2FA for your account. We recommend using common 2FA applications like Google Authenticator, Duo, or using an Yubikey.
CoinList Pro allows you to choose between submitting orders with a single-click or receiving a notification containing your order details which must be affirmed in order to submit the order into the market.
To manage your order notification settings, click on the dropdown menu in the upper right of the platform, select Account Settings, choose My Preferences, and then enable or disable notifications by using the control next to “Display confirmation dialog before placing trades.”
Note: disabling order notifications will result in orders being submitted immediately into the market upon placement. Please exercise caution when utilizing one-click trading.
CoinList Pro allows you to control the amount of order status update messages that you receive.
To manage your order status updates, click on the dropdown menu in the upper right of the platform, select Account Settings, choose My Preferences, and then enable or disable notifications by using the control next to “Display notifications for order status updates.”
You can deposit any supported currency/asset into CoinList to fund your account. Once your funds are in your CoinList wallet, you will be able to immediately transfer them to CoinList Pro. There are no transaction fees when moving funds from your CoinList wallet to your CoinList Pro wallet.
You can withdraw any supported currency/asset out of CoinList to a wallet of your choice. There are no transaction fees when moving funds from your CoinList Pro wallet to your CoinList wallet.
Can I deposit dollars, euro, yen, or other currencies into my account?
Is there a fee to deposit funds in my account?
Where can I see a history of my deposit activity?