BarterDEX Tips & Tricks

BarterDEX is a Decentralised Auction System to be accurate

BarterDEX is NOT really a decentralised exchange underneath at it’s core level. It is basically a decentralised Auction System. Unlike centralised exchanges it is not guaranteed what if you put the lower or higher price you will hit the orders at the top of the order book list and have it all filled and get those coins.

BarterDEX uses UTXOs instead of address Balances

UTXOs
Balance section in Exchange screen
Output of Inventory Button for KMD
Order book of CHIPS/KMD
Clicked on CLAIM DEPOSIT button to see check status of deposited security funds to get zero block confirmation speed trading mode.
Showing order amounts, My Offer tab showing placed offer in market, and my offer highlighted in order book, with adjusted ZCredit according to my order value placed.

Order books are cached and shared on network

Also, note that the order books are updating based on the cache of the peers you are connected to. It is not a centralised order book, but a peer-to-peer shared order book which updates between all the network, exactly like how bitcoin peer-to-peers network work. So in case the order you canceled still show up in network, that can most probably be due to this cache data propagated with other peers. It will update sometime soon so don’t worry about the orders you closed showing up in network.

My Offers tab showing red stop buttons to cancel the orders placed in network.

BarterDEX uses all UTXOs from your address when you place an offer

Note that whenever you put a trade in BarterDEX expect that the whole balance, means all UTXOs are on order. not just specific balance.

MOST IMPORTANT: Do multiple deposits to BarterDEX receiving address

The most important thing is to deposit more than 1 deposit to your BarterDEX address. Else, you won’t have much success first time playing with BarterDEX.

Clicked on bottom order list with all values showing in row, it populated the BID CHIPS input fields with correct value and gave Total calculated cost example.
Receive button shows this dialog box. READ THE RED TEXT!

Have patience. You sometimes has to wait before executing next action

And sometimes you should wait for minimum of a minute when it gives some error or red notification on top right… depends on case to case. just give that same action a retry after 1 minute or so and most probably you won’t get those issues.

Trying to place offer right after putting an offer a second ago.

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