Sure! Here’s a simple example of a trading operation for buying Bitcoin (BTC) on a centralized exchange:
Example: Buying Bitcoin with USD on a CEX
Step 1: Log into your exchange account
(e.g., Binance, Coinbase, Kraken)
Step 2: Deposit funds
Make sure you have USD or your preferred fiat deposited in your exchange wallet.
Step 3: Select the trading pair
Search for BTC/USD or BTC/USDT.
Step 4: Choose your order type
Use a Market Order to buy instantly at the current market price
Or a Limit Order to set your desired buying price
Step 5: Enter the amount
Specify how much USD you want to spend or how much BTC you want to buy.
Step 6: Review & confirm
Check the total cost including fees, then click Buy BTC.
Step 7: Monitor your trade
Your BTC will be credited to your exchange wallet immediately (if market order). If limit order, it will fill once the price matches.
Would you like me to create a sample Python script to simulate this trading operation on an exchange API?