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First trade

This page walks through how a trade is made in the UI as a single flow.

#Picking a market

Choose a category on conviction.bet or type a keyword into the search box. A market card shows the following:

  • The question (e.g. "Will BTC break $100,000 by December 31?")
  • The current price (= the market's estimated probability of YES)
  • Volume
  • The time left until trading closes

On the detail page, you can also see the order book, the price chart, the schedule (trading start, close, and expected resolution dates), your positions, and more.

#Building an order

In the trade panel:

  1. Select Buy or Sell.
  2. Select the outcome (Yes / No).
  3. Pick the order type — Market (the default) or Limit.
TypeMeaning
MarketFill immediately at the currently available prices, within your slippage tolerance; any remainder is cancelled automatically (FAK)
LimitSet the price you want, post it to the order book, and wait for a fill
  1. Enter the amount. When buying it is a USDT stake by default, and you can switch the unit to shares; when selling you enter shares. One share is worth up to 1 USDT at settlement.
  2. For Limit, also enter a price (1¢ ~ 99¢). Optionally switch on Expires to have the order lapse after 24 hours or 1 week. For Market, there's no price input.
  3. The estimated cost, the shares you'll receive, and the payout appear instantly.
The minimum order is $3

An order must be worth at least $3 — the USDT you spend on a buy, or the expected proceeds on a sell. A holding worth less than that can't be sold on the order book.

#Placing the order

The action button shows what you're about to do — for example Buy Yes · $10.00. Press it and the order is signed with your wallet and submitted; Conviction handles execution automatically. You never need to send a transaction or pay gas yourself.

The first time you trade, an Enable trading window appears before the order goes through. Press Enable trading once (no gas) and you won't be asked again.

#Confirming the result

  • The Your activity panel on the market page updates in real time — it has Position, Open Orders, and History tabs.
  • Your trade is reflected immediately in the trade history on the market page.
  • Everything you hold across markets is listed under Profile → Positions.

#Cancelling an order

An unfilled order sitting in the order book can be taken down with Cancel. Any already-filled quantity is unaffected.

#Common messages

MessageCause
Insufficient fundsNot enough USDT in your wallet, or not enough shares held
Minimum order is $3The order is worth less than $3 — increase the amount
Not enough liquidityA Market order found nothing to fill within your slippage tolerance. Use a Limit order to wait on the book instead
This order would match your own resting orderYou already have an open order on this market that the new one would trade against. Cancel that order first
Trading closedThe market's trading window has ended and it is waiting for its result

#Next steps

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