Place Your First Trade

Once your wallet is connected and you have trading funds, you're ready to place your first trade.

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Step 1: Browse Events

Markets are organized by trading currency. Pick $BILL or $CROSS at the top to view the markets available in that currency. Then narrow further by category (Crypto, Politics, Sports, Macro, Culture) or sort by volume, newest, or ending soon.

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Step 2: Pick Your Position

Every market has two sides. For Event Markets, it's Yes or No. For Crypto Markets, it's Up or Down. Select your side, enter the amount you want to spend, and review the estimated Shares and potential payout before confirming.

The buy/sell panel shows the trading currency at the top — markets in $BILL are bought and sold in $BILL, and the same applies to $CROSS.

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Step 3: Confirm & Submit

Hit Buy to submit a Market Order, which fills instantly at the best available price. Prefer to set your own price? Switch to Limit Order — it posts to the orderbook and executes when your price is reached (with 0% Maker fees).

For details, see Order Types and Buy & Sell.

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Step 4: Review Results

• Portfolio: View held positions, real-time PnL, open orders, trade history, and Rebates.

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Execution Example

Buy 100 Shares of Up at $0.550 in the "BTC 1-Minute Up/Down" market

Item	Value
Amount Spent	100 × $0.550 = $55.000
Fee (Taker)	0.500 × 100 × 0.550 × 0.450 = $12.375
Total Cost	55.000 + 12.375 = $67.375
Outcome Up (Win)	100 × $1.000 = $100 received → Net profit +$32.625
Outcome Down (Loss)	100 × $0.000 = $0 → Net loss -$67.375

Tip: Fees are higher when the price is closer to $0.500, and lower when the price is closer to $0.001 or $0.999. For more details, see Fee Structure.