Getting Started with OrbDex
Before you can trade on OrbDex, you’ll need to connect a compatible cryptocurrency wallet and ensure you have the proper assets for collateral and gas fees. Follow the steps below to get started:
Connect Your Wallet
OrbDex is a web-based DEX that requires a Web3 wallet connection. The platform supports popular Ethereum-compatible wallets. To connect your wallet:
Navigate to the OrbDex app – Open the OrbDex trading interface in your web browser. You should see a “Connect Wallet” button, usually at the top right corner of the page.
Select your wallet – Click “Connect Wallet” and choose your wallet provider from the list (for example: MetaMask, WalletConnect, or other supported wallets). A popup from your wallet extension or app will appear.
Authorize the connection – Approve the connection in your wallet. This typically involves confirming that you allow the OrbDex application to view your wallet address. No funds will move at this stage; it’s just establishing a connection.
Verify connection – Once connected, OrbDex will display your wallet’s public address (a shortened version) and your current wallet balance for supported collateral assets. You are now ready to use OrbDex with your wallet.
Note: If you do not have a crypto wallet yet, you will need to create one (for example, by installing the MetaMask browser extension and following its setup instructions). Ensure your wallet is on a supported network for OrbDex (such as Ethereum mainnet, a Layer-2 network, or any specific blockchain that OrbDex operates on). The OrbDex documentation or homepage will indicate which networks are supported. Always keep some of the network’s native cryptocurrency (for example, ETH for Ethereum) in your wallet to pay for transaction gas fees when trading on OrbDex.
Funding Your Account (Depositing Collateral)
Before placing trades, you need to have collateral in your OrbDex account. Collateral is the asset you post to open leveraged positions and cover potential losses. On OrbDex, collateral is typically posted in the form of a stablecoin (for example, USDT or USDC) or another supported asset as specified by the platform.
To deposit funds as collateral into OrbDex:
Go to the “Wallet” or “Account” section – In the OrbDex interface, navigate to the Wallet page or panel. This section shows your balances and has options to deposit or withdraw funds.
Select collateral asset – Choose the asset you want to use as margin collateral (e.g. USDC). The interface will show your current wallet balance of that asset.
Click “Deposit” – Enter the amount of the asset you wish to deposit into OrbDex. Ensure you leave some of that asset (or ETH for gas, if using ETH for fees) in your wallet for transaction fees. Then click the Deposit button.
Approve token (first time only) – If this is your first time using this token on OrbDex, your wallet will prompt you to approve the token. This approval grants the OrbDex smart contract permission to use that token from your wallet. Confirm the token approval transaction in your wallet.
Confirm deposit transaction – After approval, OrbDex will prompt you to confirm the deposit. Confirm the deposit transaction in your wallet. This will transfer the specified amount from your wallet into OrbDex’s smart contract, where it will be accounted as your trading collateral.
Wait for confirmation – The blockchain transaction for the deposit will be pending for a short time. Once it is confirmed, the deposited funds will appear in your OrbDex available balance. For example, if you deposited 1,000 USDC, your OrbDex account should now show 1,000 USDC available as collateral.
Now you have funds in OrbDex that can be used to open leveraged positions. The Wallet section of the interface will show your Total Balance, Available Balance (funds not currently used as margin), and possibly Used Margin if you have open positions.
With your wallet connected and collateral deposited, you are ready to trade on OrbDex. In the next sections, we’ll describe the trading interface and how to place orders.
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