DEX Trading Account Management

Guide to Managing Your DEX Trading Account

In this guide, we will discuss how you can manage your DEX Trading Account.

Let's get started!

Setting Up Your DEX Trading Account

Before you can start buying and selling on Decred DEX, you'll need a DEX trading account. If you've already followed all the steps in the Initial Setup Guide, you're all set. If not, let's create your DEX trading account together:

1. Go to the Markets Page.

2. Find the Create Account button and click it.

   

3. Follow the steps in the Initial Setup Guide from step 4.

IF you've already created the wallet you plan to use and funded it with the required bond amount, you can skip steps 6 and 7 of the Initial Setup Guide.

Exporting your DEX Trading Account

If you want to use your DEX trading account on another device, you'll need to export it. Here's how you can do it:

1. Go to the Settings Page.

2. Click on the DEX account in the Registered Dexes list. In this example, it will be dex.decred.org:7232 ⚙️

   

3. On the DEX account settings page, click Export Account.

4. Select the directory where you want to save the .json file.

Note: Make sure to keep your exported account file safe. Anyone with access to this file can use your DEX trading account.

Adding an existing DEX Trading Account

If you have an existing DEX account that you want to use with a new setup, here's how you can do it:

1. Go to the Settings Page.

2. Click on Import Account.

   

3. Choose the exported DEX account .json file by clicking on load from file.

   

4. Click Authorize Import.

Easy as that!

Disabling a DEX Trading Account

If you want to temporarily disable your DEX trading account, follow these steps:

1. Visit the DEX account settings as in Exporting your DEX Trading Account(Step 1 and 2).
2. On the selected DEX account settings page, click on the Disable Account.
3. Confirm the action with your app password.

If successful, the DEX trading account will not be listed until it is added again.

Note: Keep in mind that you can't disable your account if you have active orders or unspent bonds.

Re-enabling a DEX Trading Account

If you disabled your account but want to re-enable it:

1. Go to the Settings page.

2. Click on Add a DEX.

   

3. Choose the DEX host you previously disabled. You can click on a pre-defined host or enter the address of the host after clicking on the add a different server button.

   

Your old account will be automatically discovered and enabled.

Note: Remember, after re-enabling, you'll need to create fidelity bonds to use your account again.

Managing your DEX Trading Account Tier

To manage your DEX trading account tier, here's what you need to do:

1. Visit the DEX account settings as in Exporting your DEX Trading Account(Step 1 and 2).
2. On the DEX account settings page, click Update Bond Options.
3. Choose the asset for your fidelity bonds and set your Target Tier.
4. Click Submit to update your bond options.

Note: Make sure you have enough funds to cover your desired Target Tier.

Wrapping Up

That's it! You've learned how to manage your DEX Trading Account.

While this guide covers the basics, there are more advanced topics like updating DEX hosts and TLS certificates. But for now, you're ready to dive into the exciting world of DEX trading!

Glossary

• Fidelity Bonds: These are locked funds redeemable by you in the future. They help prevent disruptive behavior in trades like backing out on swaps.
• Target Tier: This is the target account tier you wish to maintain. Set to zero if you wish to disable tier maintenance (i.e do not post new bonds).