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What are the steps in trading crypto on the PDAX app?

  • Updated

 

What do I need to trade these new cryptocurrencies?

To trade the new cryptocurrencies, you must first convert your PHP into PHPT. Conversion between PHP and PHPT is free of charge.

 

What are the steps in trading these new cryptocurrencies?

1. Sign in to your PDAX mobile app. 
3. Tap the Trade icon at the bottom of your screen, then select the cryptocurrency you wish to buy or sell.
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4. Enter the amount of PHPT you wish to trade for the selected cryptocurrency. Alternatively, you may choose a percentage (25%, 50%, 75%, 100%), and the system will automatically calculate the PHPT amount for you.
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5. Tap the Convert button. 
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6. A new window will appear asking you to confirm your order. You will see the quoted price for 15 seconds, and then it will automatically update.
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7. Return to Trade and click the clock icon at the top right to view the status of your order.
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*Currently, the PHPT trading pairs and their historical trading data are only available through the PDAX mobile app. You will not be able to view any PHPT-related transactions using the web app (trade.pdax.ph). 

 

What are the supported networks for deposits and withdrawals?

Our team is working hard on expanding our support for more networks to make your cryptocurrency withdrawals easier. In the meantime, you can use the default networks for these cryptocurrencies:

  1. AXS - Ronin
  2. SLP - Ronin
  3. DOT - Polkadot
  4. ADA - Cardano Ronin
  5. AVAX - C-Chain
  6. MATIC - Polygon
  7. DOGE - Dogecoin
  8. SOL - Solana
  9. SUSHI - Ethereum (ERC20)
  10. XLM - Stellar
  11. BNB - BSC
  12. BUSD - BSC
  13. PAXG - Ethereum (ERC20)
  14. APE - Ethereum (ERC20)
  15. GST - Solana
  16. GMT - Solana
  17. MANA - Ethereum (ERC20)
  18. SAND - Ethereum (ERC20)
  19. ALGO - Algorand
  20. GALA - Ethereum (ERC20)

Why are my new cryptocurrency purchases not appearing in my portfolio?

Orders may take a minute to process and reflect in your portfolio. You can check the status of your order in Trade History.

 

How do I set a price when trading new coins?

Limit orders are not yet available for these new trading pairs.

 

Why can't I buy the new coins for their minimum amount in Pesos?

The minimum price is based on the price multiplied by the minimum order quantity. The price of the coin may have increased, but the app has not received the updated price, causing the quote to fail.

 

What will my funds look like in the web exchange if I have the new coins? 

Your total balance will only reflect PHP and balances of the cryptocurrencies available on the web (BTC, ETH, XRP, USDT, USDC, BCH, AAVE, COMP, ENJ, GRT). You will not be able to see your PHPT balance, along with the new cryptocurrencies and their data on the web exchange.

 

Why are the coins only available on the mobile app? Will it be available on the web?

As of November 2022, users of both the web exchange and the mobile app have access to all 34 cryptocurrencies offered by PDAX.



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