Trading Cryptocurrency via Mercury Iconex with Spot Trading

Mercury Iconex allows experienced traders to trade various cryptocurrencies against one another using the Spot Trading feature. Through available trading pairs—such as SRDC/USDT, SOL/USDT, and BTC/USDT—you can buy and sell digital assets based on current market prices.

In this guide, we will walk you through the process of selecting a trading pair, placing buy and sell orders, and monitoring your transactions.

Step 1. Log in to your account

1. Go to the Mercury Iconex website.
2. Click on Trading Platform and select Login to access the exchange.
3. Log in using your registered username or email address and your password.
4. Complete the two-factor authentication (2FA) process, if enabled.

Don’t have an account yet?
Please create an account first. You can refer to our guide: How do I open a cryptocurrency account?

Step 2. Access the trading interface

Once logged in, you can navigate to the available trading markets from within the trading platform.

1. Open the trading section of Mercury Iconex via the sidebar and click on Spot.
2. Locate the available markets or trading pairs in the dropdown menu.
3. Select the trading pair you wish to trade.

Step 3. Select your desired trading pair

A trading pair consists of two digital assets that are traded against each other. Examples:

• SRDC/USDT: Trading SRDC against USDT.
• BTC/USDT: Trading Bitcoin against USDT.
• ETH/USDT: Trading Ethereum against USDT.

Use the search bar in the top-left corner of the trading interface or browse the list of available markets to find your desired trading pair.

Click on the trading pair to open its corresponding trading interface.

Important: This guide applies to all available trading pairs on Mercury Iconex. The steps described can therefore also be used for other supported cryptocurrencies.

Step 4. Familiarize yourself with the trading interface

When you open a trading pair, you will see the trading interface. This environment contains several components designed to assist you in executing and tracking your trades.

The key components are:

• Price Chart: Displays the price movement of the selected trading pair.
• Order Book: Shows current buy and sell orders from other market participants.
• Recent Trades: Displays recently executed transactions for the selected trading pair.
• Order Entry: Where you can place buy and sell orders.
• Open Orders: Shows your active orders that have not yet been fully executed.

Take some time to explore these components before placing your first order.

Step 5. Place a buy order

Would you like to purchase a cryptocurrency? You can do so by placing a buy order.

1. Go to the Order Entry section.
2. Select Buy under Order Mode.
3. Enter the amount of the digital asset you wish to purchase under Size.
4. Enter your desired purchase price under Price (if required by the selected order type).
5. Select the desired order type: Market or Limit.
6. Review the entered details and confirm your order by selecting Buy.

Which order types can you use?

Market Order

A Market order allows you to purchase the selected cryptocurrency at the current available market price.

• The order is executed based on the prices currently available in the order book.
• You do not need to set a purchase price yourself.
• The final execution price may differ from the price you see on your screen at the time of placement.

A Market order is suitable when you want a transaction to be executed immediately, though it does not guarantee a specific purchase price.

Limit Order

With a Limit order, you set the maximum price at which you are willing to purchase a cryptocurrency.

• You define your own desired purchase price.
• The order will only be executed if there is sufficient supply available at your specified price—or at a more favorable price.
• The order may remain open if the market does not reach your set price or if there is insufficient supply.

A Limit order provides greater control over the purchase price, but it does not guarantee that your order will actually be executed.

Step 6. Place a sell order

Do you want to sell a cryptocurrency and receive another digital currency in return? If so, you should place a sell order.

1. Go to the Order Entry section.
2. Select Sell under Order Mode.
3. Enter the amount of digital assets you wish to sell under Size.
4. Enter your desired selling price under Price (if required by the selected order type).
5. Select the desired order type: Market or Limit.
6. Review the entered details and confirm your order by selecting Sell.

Available sell order types

Market order

With a Market order, you sell the selected cryptocurrency at the current available market price.

• The order is executed based on the prices available in the order book.
• You do not need to set a specific selling price yourself.
• The final selling price may differ from the price you see on your screen at that moment.

Limit order

With a Limit order, you determine the minimum price at which you are willing to sell your cryptocurrency.

• You set your own desired selling price.
• The order will only be executed if there is sufficient buying interest at your specified price or a more favorable price.
• The order may remain open as long as the market does not reach your set price or if there is insufficient demand.

A Limit order gives you more control over the selling price, but it does not guarantee that your order will actually be executed.

Step 7. Check your open orders

After placing an order, you can track its status via Open Orders.

Here, you can check:

• Which buy and sell orders are still active.
• The price at which your orders were placed.
• Which orders have been fully or partially executed.

Do you want to cancel an open order?
Select the relevant order and use the cancellation option provided in the interface.

Please note that an order that has been fully executed cannot be cancelled. For partially executed orders, the remaining portion may still be cancelled.

Step 8. Check your updated balance

Once your buy or sell order has been fully or partially executed, your available balance will be updated accordingly.

1. Go to Wallet.
2. Select Balance.
3. Check your updated digital assets.

Following a successful purchase, the cryptocurrency you bought will appear in your Wallet. Following a successful sale, you will receive the equivalent value in the other digital currency of the selected trading pair.

You can also view your completed transactions via Transaction History.

Important points to consider when trading

Market prices can change
Cryptocurrency prices can fluctuate constantly. The price at the time you place an order may not be the same as the final execution price.

Check your trading pair
Always ensure that you have selected the correct trading pair. For example, with SRDC/USDT, you are trading SRDC against USDT—not the other way around.

Start with small amounts
Are you new to cryptocurrency trading? Start with small amounts until you are comfortable with the trading interface and the various order types.

Be aware of transaction fees
Trading fees may apply when executing buy and sell orders. Check the applicable fees before you trade.

Trading involves risks
You may make a profit when the market moves in your favor, but you could also lose (part of) your investment. Therefore, only trade with amounts for which you can afford to bear the financial risks.

Use Stop-Loss only if available
A Stop-Loss order can help limit losses by triggering a sell order when a pre-set price level is reached. Before assuming you can use this feature, verify whether it is available on Mercury Iconex.

Mercury Iconex – The One For All & All For One CEX.

Updated on: 03/11/2026