Trading
The spot exchange: order book, chart, limit and market orders, fees.
Articles in Trading
Introduction to the spot exchange
How does trading work on Lovely Legends?
Lovely Legends runs a spot exchange with a real matching engine. Each market pairs a base asset with a quote asset — LF/USDT, for example — and every order you place rests on or matches against a live order book shared by all traders. You can place limit orders and market orders, watch the book and the candlestick chart update live, and cancel or replace your open orders at any time.
2 min readReadHow to place a limit order
How do I place a limit order on Lovely Legends?
Open the Trade tab, choose your market, and select the Limit tab in the order form. Choose Buy or Sell, type the price you want and the amount, and check the Total the form calculates. Tap the Buy or Sell button to place it. The order rests on the order book until the market reaches your price — it may fill later, fill partly, or never fill.
2 min readReadHow to place a market order
How do I place a market order on Lovely Legends?
Open the Trade tab, pick your market, and select the Market tab in the order form. Choose Buy or Sell and enter the size — a market buy is sized in the quote currency, so you state how much you want to spend rather than how much you want to receive. Tap Buy or Sell and the order fills immediately against the best prices in the order book.
2 min readReadUnderstanding the order book and the chart
How do I read the order book and the price chart on Lovely Legends?
The order book lists every resting order in the market: sells above, buys below, with the current spread in between. Each row shows a price, the amount available at it, and a bar whose length shows the cumulative size up to that price. The chart shows the same market as candlesticks, where each candle is one time interval's open, high, low and close, with volume underneath.
2 min readReadOrder types and the price band
Why did Lovely Legends warn me about my order or refuse to place it?
The exchange checks your order against a price band around the current market price before accepting it. An order priced moderately far from the market shows a confirmation asking whether you meant it; an order priced very far from the market is refused outright. The band is measured from the best price currently in the order book, and it exists to stop a mistyped price from executing against the whole book.
3 min readReadTrading fees
What are the trading fees on Lovely Legends?
The standard spot schedule is 0.20% maker and 0.30% taker. You pay the maker fee when your order rests on the book and someone else trades against it, and the taker fee when your order fills immediately against orders already there. On a buy the fee is charged on top of the order total, so you need slightly more quote currency than the total shown.
2 min readReadThe LF fee discount and volume tiers
Can I pay Lovely Legends trading fees in LF for a discount?
Users who pay eligible spot trading fees in LF receive a 20% discount on those fees. The 30-day volume tier ladder is a separate, proposed structure and is not applied to any account. Whatever the schedule states, the fee shown in the order form before you confirm is the fee your account is charged.
2 min readReadOpen orders and order history
Where do I see my open orders and past trades on Lovely Legends?
Both are on the Trade screen, under the order form. "Open orders" lists everything still resting on the book, with its price, amount and how much has filled; you can cancel any of them individually or use Cancel all. "History" lists orders that are finished — filled or cancelled. Open orders update live as they fill.
2 min readReadStay safe from scams
Lovely Legends support will never ask for your seed phrase, private key, password, Telegram login code, email verification code, or remote access to your device. Support never messages you first.
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