Placing Trades
User's perspective
This is what happens when you place a trade.
Placing a Trade. Click to enlarge.

Placing a Trade is Easy

Beginning to trade on CryptoArena is a fairly straight forward process. Fundamentally, there are three ways you can place a trade on our platform. You can:
  1. 1.
    Do it yourself
  2. 2.
    Hire a Champion to do it for you
  3. 3.
    Do it for yourself and your Patrons
Any single User may act as all three categories. (but you cannot invest in yourself pretending to be a Patron to your Champion persona)
Champion category requires a monthly subscription, some exclusive subsets of categories such as "pro Champions" feature additional requirements and restrictions.
Trading on CryptoArena generates Glory Points, a weighted measure of an individual's contribution to the network. The periodic tally of your points is known as the Glory Score, and comparing your Score vs that of other qualifying Users is how the system determines your share of platform revenue distributions, on an ongoing basis.
Basically: bigger score of points -> bigger share of platform revenue distributions

The Wallets

Users on CryptoArena have three wallets each:
  1. 1.
    Your Exchange Account (hot) For placing trades.
  2. 2.
    Off-Exchange Wallets (cold) For safe storage of assets.
  3. 3.
    Social wallet (hot) For copy trading (both as patron & champion)
The social wallet allows a Patron (copier) to pledge an investment into the trading expertise of a Champion (copied), through a safe, pseudonymous, non-custodial interaction.

Deposits & Withdrawals

  • Deposit crypto from any cold wallet to either your Hot or Social wallets without fees
  • Deposit FIAT through SEPA transfers to your Hot wallet
  • Move assets between Hot and Social wallets without fees
  • Withdrawals incur in small fees (varies by asset)
Last modified 8mo ago