Start Trading

Basics

There are two ways of trading on EMDX, manually or via our API set. Protocol connection. MetaMask usage.

The first step consists of having an operative web3 technology compatible wallet like Metamask, which is EMDX´s first integrated wallet app (we will be adding other wallet apps soon).

The next step consists of connecting the Metamask wallet to our app. In order to complete the connecting process you will have to sign requested messages on you wallet.

You will also be able to select different blokchain networks to trade on: Arbitrum, BASE or Optimism.

The following tutorial (EMDXv1) is a useful guide to understand the procedure.

Native Cryptocurrency Balance

Like in any other decentralized trading platform users need to have funds in the native cryptocurrency of the network the protocol is running on in order to start trading. This is because every transaction has to pay network fees in order to be carried out. For instance, on the Arbitrum Netowrk you will need ArbEth to pay transaction gas.

Deposit funds to start trading

As EMDX is a gasless venue (get more information here) the only paid transaction you will face is depositing funds within the protocol.

On the top right of the screen users will find a deposit button. By clicking it, you will be able to send funds over the platform. A Metamask mesagge will pop up for you to sign and approve the sending transction. After a couple of seconds you will have funds within your trading account, being able to start sending orders and opening positions.