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About XSP/XRP (Standard Punks)
What is the difference between market and limit orders?
A market order executes immediately at the best available price in the order book. A limit order lets you set a specific price - your order will only execute when the market reaches that price. Market orders are faster but may have price slippage, while limit orders give you price control but may not fill immediately.
What is a trustline?
A trustline is a connection between your wallet and a token issuer on the XRP Ledger. It allows you to hold and trade that specific token. You must set a trustline before you can receive or trade any token (except XRP). Setting a trustline requires a small XRP reserve.
How do trading fees work?
Trading on the XRPL DEX requires only the standard XRP Ledger transaction fee (typically a fraction of a cent). XPMarket does not charge any additional trading fees. The transaction fee is paid to the network validators, not to XPMarket. Note that some wallet providers (like Xaman) may charge their own fees - please check your wallet's terms as XPMarket has no control over third-party wallet fees.
Is XPMarket safe to use?
All transactions on XPMarket are executed directly on the XRP Ledger blockchain. XPMarket does not have custody of any funds - we only provide a user-friendly interface to interact with the decentralized exchange. Always do your own research (DYOR) before interacting with any crypto assets. XPMarket does not provide investment advice and only verifies basic project information such as website and social media links.