First Spot Trade

This guide walks you through your first spot trade on Nad DEX.

1

Choose Trading Pair

In the dApp:

  • Use the search bar to select the trading pair you want (for example, WMON/USDC).

  • Make sure your wallet holds the token you want to sell plus some MON for gas.

2

Place a Market Order

  • On the trading panel, choose Buy or Sell.

  • Select Market as the order type.

  • (Optional) Click the settings icon and adjust:

    • Slippage tolerance – maximum price movement you accept.

    • Transaction deadline – how long the trade can remain pending before it cancels.

  • Enter the Trade Value (how much of the input token you want to spend). The UI automatically shows how much of the output token you will receive.

If this is the first time trading this token:

  • Click Approve [Token] (for example, Approve WETH) and confirm the approval transaction in your wallet.

Then:

  • Review trade details in your wallet popup and click Confirm.

  • Approve the transaction when your wallet prompts you; this submits the swap to the Monad network.

After confirmation on-chain, your trade is complete. You can click the transaction hash in the UI to view details on the Monad Explorer.

3

Place a Limit Order (Optional)

To place a limit order instead of a market order:

  • Select the pair (e.g., WMON/USDC).

  • Choose Buy or Sell.

  • Select Limit as order type.

  • Enter:

    • Price (quote asset price where you want to trade).

    • Amount of base asset to buy or sell.

  • Approve the token if it’s your first time using it.

  • Confirm the limit order transaction in your wallet.

Your order appears in the Open Orders section and will be filled once the market reaches your target price. Some UIs may require you to claim your filled tokens from the order history.

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