FAQ
In order to access the AABB Exchange for web-version use, please go to https://aabbexchange.com/trade/ Then, on the right side of the monitor, click on “Log In or Register Now to trade“. Once you have clicked on it, you will see the Log In page for the web version of AABB Wallet. Access AABB Wallet on your mobile device, go to the “More” tab, click on “Web QR Access” and scan the QR Code on your monitor. Then, create a temporary password for your access. Once this all has been completed, you will then be connected to the AABB Exchange with your account. Once you have accessed your wallet, click on Trade in the Menu. There, you will see the Chart with the ability to place a Buy or Sell order.
The AABB Exchange can now be accessed via your mobile device through the AABB Wallet app! In order to access the AABB Exchange for mobile use, please go to the Apple App Store or Google Play Store, find AABB Wallet, and update the app. Once the app has been updated, open the application. If you aren’t in your account already, tap on Restore Wallet, enter your original passphrases, and access your account. From there, click on the “Trade” button at the bottom menu. Once this all has been completed, you will then be directly connected to the AABB Exchange with your account. You will immediately be able to place a Buy or Sell order for the main trading pair ETH/BTC, however, you can always click on that trading pair to choose another crypto pair. Once a Buy or Sell order has been placed, the funds will automatically be deducted from the wallet and placed onto the exchange. These funds will remain in the exchange until the order has been filled, partially filled and cancelled, or cancelled in Open Orders.
To place an Order in the AABB Exchange, first connect your account to the AABB Exchange. Once this has been done, you need to ensure that you have funds present in your Wallet. If you already have AABBG, SHIB, or USDT, then you are able to place a Buy or Sell order within the Exchange. Go to the Trade menu, click at the top on the trading pair that you want to trade (AABBG/SHIB, or AABBG/USDT). The chart will then load with the Order Book on the right side. To the right of the Order Book, you will see a Place Order section. If this section is not visible please, zoom out/in in the Browser. Click on Buy or Sell, depending on if you are looking to Buy SHIB for AABBG (or USDT for AABBG) or to Sell AABBG for SHIB (or AABBG for USDT).
Once you have done this, click on ‘Market’ in order to buy/sell the currency at the current optimal market price, or click on ‘Limit’ in order to buy/sell it at a manual price that has been decided by you. Below, you will see an “Available” field which displays the Account from which the tokens/coins will be allocated, below it will say a “Select a Blockchain Fee Account” allowing users to select BTC or ETH for their blockchain fee, and then below it will say Price. If you are placing a ‘Market’ order, then this field will not be accessible, however if you are placing a ‘Limit’ order, then here you will be able to enter the price at which you want to buy/sell the tokens/coins for. In the Amount field, enter the number of SHIB/AABBG/or USDT (depending on the trading pair and if its a Buy or Sell order) you are looking to buy/sell. Below, it will show you the Transaction Fee, the Total price you will be paying to place the order (which can be cancelled under ‘Open Orders’, at the bottom of the monitor, until it has been filled), alongside your Blockchain Fee. Then click on the Buy/Sell button below to place the Order.
With Market Trade, you get the opportunity to quickly buy and sell at the best prices. You don’t have to choose the value you want to sell or buy as the platform will do it for you.
With Limit Exchange, you get the opportunity to set the price for which you want to buy or sell. You will predict the sale or purchase of your order. As a best practice, this functionality is used by traders.
A Market Order in the AABB Exchange is executed immediately against the best price available in the price Limit order book. As long as there are willing buyers and sellers to trade using Limit to build up volume, the market will fill those orders. However, if there is not enough volume or liquidity, then it is best to avoid using the Market order as you might see the trade be filled with a price deviation, or the platform might automatically cancel your order.
For example: A market Ask (SELL) will match the best available Bids (BUY) on the Limit order book, and a market Bids (BUY) will match against the best available Ask (SELL) on the order book.
Be aware that prices for cryptocurrencies by using the Market option are only estimated and not guaranteed, which means that when placing your order, the rate you saw may change. Therefore, the price shown is NOT guaranteed. If you wish to secure a certain price for your order, please use Limit orders.
Market orders are often better when rapid execution is a priority over the price at which the order executes.
Market Orders CAN NOT be canceled once the trade is placed.
By using Market Order, you place an order at the best price available in the market.
To buy and sell using the Market Order, please follow the image attached and the steps below:
- Enter the AABB Exchange
- Choose your crypto trading pair
- Select Market Order (this option is available on the web version and in the mobile applications)
- Select BUY or SELL
- Choose your crypto account
- Enter the amount of crypto you’d like to trade
- Check all the information and fees
- Click on BUY or SELL to submit your request
- After requested and confirmed, go to your “orders” tab as shown in your Dashboard and check your processed orders.
*Please be aware that by clicking on the “Buy or Sell” button when placing your Market order, you agree that the price shown is estimated and based on the latest limit price order (buy/sell) processed in the Trading Order Book, the price shown may change and the estimated price is NOT guaranteed.
A limit order is one of the most basic order types. It allows the trader to specify a price and amount they would like to buy or sell a certain crypto.
To do so, enter the AABB Exchange, choose a cryptocurrency pair you want to trade, click on LIMIT, enter the price of the token/coin you wish to BUY/SELL at, enter the number of tokens/coins, and then place the order. Your order will then be in the Order Book, waiting to be filled.
*You can always cancel the order in the Open Orders section of the exchange.
Limit trading is usually for users that want to buy or sell crypto at a specific price. This means, that your order will only be processed and fulfilled whenever there’s another counter-proposal from yours willing to accept the one you placed, for the price you requested it. The process of buying and selling is also known as Bid (when buying) and Ask (when selling).
Keep in mind that it can take longer for your order to be filled when placing Limit orders. In this case, you can cancel your order and place another more “realistic” to the market.
To buy and sell using the Limit Order, please follow the image attached and the steps below:
- Enter the AABB Exchange
- Choose your crypto trading pair
- Select Limit Order (this option is available on the web version and in the mobile applications)
- Select BUY or SELL
- Choose your crypto account
- Enter the price at which you want to BUY/SELL the currency
- Enter the amount of crypto you’d like to trade
- Check all the information and fees
- Click on BUY or SELL to submit your request
- After requested and confirmed, go to your “orders” tab as shown in your Dashboard and check your orders – either already filled or waiting to be filled.
Once you are logged in the AABB Exchange, you can locate your trade history by clicking/tapping on Trades. There you will see the trades, the price at which the trades were executed at, and the time.
You can only cancel an order if the trade was placed as a “Limit” order and while it’s still not fully filled. “Market” orders can not be cancelled.
To cancel your trade order, click/tap on “Open Orders”. Below you will see your trades that are currently open. By choosing “cancel”, your order will be cancelled and the funds will be returned back to your AABB Wallet. As mentioned, an order can only be cancelled if it has not been filled or has been partially filled.
When cancelling a trade order, please notice that the remaining funds from this order will be sent back to your correspondent wallet.
What are the Trading Fees at AABB Exchange?
Please see our trading fees page on our website.
How many trades can I place?
You are not limited to the number of trades you can place, it all depends on how much funds you have in your AABB Wallet.
How to Sell Cryptocurrency on AABB Exchange?
Once your KYC has been approved, you immediately can deposit funds into your AABB Wallet and begin trading in the AABB Exchange “Trade” menu. You’re able to see different trading pairs that we support, “MARKET” and “LIMIT” Orders, and a “BUY” and “SELL” button. To place a “Market” order, click on “MARKET”, then select the cryptocurrency account you will be using, and enter the amount of funds you want to buy or sell. Tap the transaction fee information in red/orange, then click on “BUY” or “SELL” depending on your trade.
To buy and sell using the Limit Order, please follow the image attached and the steps below:
- Select Limit Order (this option is available on the web version and in the mobile applications)
- Select BUY or SELL
- Choose your crypto account
- Enter the price at which you want to BUY/SELL the currency
- Enter the amount of crypto you’d like to trade
- Check all the information and fees
- Click on BUY or SELL to submit your request
- After requested and confirmed, go to your “orders” tab as shown in your Dashboard and check your orders – either already filled or waiting to be filled.
What is a ‘Destination Tag’?
A Destination Tag is a numerous digit figure which is unique to each individual’s XRP wallet, usually used following Ripple (XRP) addresses for deposits and withdrawals. The destination tag mechanism is unique because it acts as a transaction reference to ensure that the funds would be sent to the correct beneficiary.
Please note that if the address requires a destination tag and the it is not informed during a transaction, the transaction might not process correctly and AABB Wallet and/or AABB Exchange is not to be held responsible for inadequate or missing information for users’ transactions.