EVEDEX is a decentralized platform that lets you trade directly from your wallet without an account. Orders are submitted through smart contracts, and you’re always in control of your funds. Whether you're looking for quick execution or more precise control, EVEDEX supports several order types to fit your strategy.
Understanding Order Types
You can choose from three core order types:
Market Order: This executes immediately at the best available price. It’s the fastest way to enter or exit a position, but the exact execution price may vary slightly depending on market conditions.
Limit Order: This lets you set the exact price you're willing to buy or sell at. The order stays open in the order book until the market reaches your specified price. It's useful when you’re not in a rush and want tighter control over execution.
Stop Order: This acts as a trigger. When the market hits the stop price you define, it activates either a market or limit order. Stop orders are often used to automate exits or manage risk when you're away from the screen.
How to Place an Order
First, open the trading interface and connect your wallet. Make sure you have enough balance in a supported asset. Choose your trading pair from the selector at the top. Then, head to the trade panel to define your order.
If you're placing a market order, just enter the amount you want to buy or sell and confirm the transaction through your wallet. The trade will execute instantly using available liquidity.
For a limit order, enter the amount and the exact price you want. The system will wait until your price is matched. The order stays open in the order book and will fill automatically when your conditions are met.
If you’re setting a stop order, define the trigger price first. Then choose whether the resulting order will be a market or limit type. Once placed, the order will remain inactive until the market reaches your stop price.
Example: Let’s say ETH is trading at $2,150 and you want to sell automatically if it drops to $2,000. You’d place a stop-market order with $2,000 as the trigger. If the price falls to that level, the order will execute at the next available price.
How to Cancel an Order
Only limit and stop orders can be canceled — market orders are executed immediately and can’t be reversed. To cancel an order, scroll to the Open Orders section in the interface. Find the order you want to remove and click Cancel. It will disappear from the book, and no trade will be executed.
Tips for Better Order Management
Use limit orders when the market is quiet and you want tighter control over price. Set stop orders to automate exits and reduce emotional decisions. Review the order book before placing trades — it gives you insight into short-term liquidity. Keep an eye on your Open Orders and History tabs so you know exactly what’s live and what’s been executed.
With a clear understanding of how each order type works and when to use it, you’ll be able to trade on EVEDEX with more precision and confidence.
Launch the platform:https://evedex.com/en-US
Full documentation:https://docs.evedex.com