Trading on Comet: A Step-by-Step Guide
Comet makes trading Cardano-native tokens fast and simple. This guide will walk you through how to buy and sell tokens directly from the app.
Buying Tokens on Comet
Navigate to the Token Page
Open the Comet app and use the Search function to find the token you want to buy.
Tap on the token to view its market details.
Review Market Data
Check the current price, liquidity, market cap, and trading volume.
Verified tokens will display a blue checkmark for authenticity.
Initiate a Purchase
Tap the Buy button.
Enter the amount of ADA you want to spend.
You can also use percentage shortcuts (25%, 50%, 75%, MAX) for quick selections.
Confirm the Trade
Review the estimated amount of tokens you will receive.
Swipe to confirm the transaction.
Wait for the transaction to process—this typically takes seconds.
Selling Tokens on Comet
Navigate to Your Holdings
Tap on the Holdings tab in the Comet app to view your token balance.
Select the token you wish to sell.
Set Up the Sale
Tap the Sell button.
Enter the amount of tokens you want to sell.
You can also use percentage shortcuts (25%, 50%, 75%, MAX) for quick selections.
Confirm the Sale
Review the estimated amount of ADA you will receive.
Swipe to confirm the transaction.
The ADA will be credited to your Comet account upon completion.
Additional Trading Features
Liquidity Aggregation: Comet sources liquidity from multiple Cardano decentralized exchanges (DEXs) through DexHunter, ensuring optimal trade execution.
Slippage Settings: Customize slippage tolerance in the Settings menu to control price impact during trades.
Trade History: Check past transactions under the Activity tab, where you can view swap details and timestamps.
What’s Next?
Now that you know how to trade tokens on Comet, here are some other helpful articles to explore:
