Much like a real market, you’ll need to place an offer for someone to match. To buy bitcoin, you will need to place Barbados dollars up for trade. This is called an order. To place an order, navigate to the exchange. Ensure that the Buy/Sell toggle is set to ‘Buy’.
There are three fields you will need to consider before placing your order:
“I want to buy” - in this field, place the amount of bitcoin you would like to obtain. Below this field is the fee you will incur. This fee will be charged from the bitcoin you purchase.
“At a rate of” -The unit price of bitcoin is shown here.
“Spending a total of” - this field will automatically calculate the price you will be putting onto the market, based on the unit price you’ve given.
Once you are satisfied with this order, you can put it up onto the market by clicking “Place order”.
I want to buy
( -1%: 0.01 BTC)
At a price of
1000 per BTC
Spending a total of
In the example to the above you have selected to buy 0.1 bitcoin at the price of BBD $1000 per bitcoin. This will result trade of BBD $100 and a total of 0.99 BTC will be credited to your balance after the fee.