Direct access to Stellar Decentralized Exchange (SDEX) lets you buy and sell Stellar assets inside your account in StellarTerm.
Before trading your assets, you should establish a trustline to the chosen asset remembering that in accordance with the Stellar Network rule (not decided by StellarTerm), the base minimum balance (1 XLM) raises by 0.5 XLM with each created trustline or active trade offer.
When the asset is added to your account, you'll be able to trade it.
How to place an offer
You will need to do the following to place an offer:
- Open the 'Exchange' tab in the navigation bar.
- Choose a corresponding trading pair. There is also an option to choose any asset-to-asset pair.
- Scroll the page down to the 'Create new offer' section. Specify the amount you'd like to buy/sell, price and check the total amount.
The best current price for the selected pair will be appended automatically. View the orderbook for the list of available prices.
- Submit a trade offer by clicking on the 'Buy' (or 'Sell') button
You can view your existing offers in the 'Manage offers' section at the bottom of the page.
Trade offers are completed automatically only with the presence of relevant reverse offers on the market.
StellarTerm does not affect the trading volume and price of any asset. StellarTerm does not control offers on SDEX and does not guarantee the availability of orders on the market.
With reference to the Stellar Network rules, when creating an offer for sale, the funds involved in the offer are postponed to the reserved balance and cannot be used until the offer is canceled or executed.