Buy and sell IP tokens on the IPX decentralized exchange
Click "Trading" in the main navigation, or go directly to:
ipx.exchange/tradingYou can also access trading directly from any project page by clicking the "Trade" button.
The trading page shows available token pairs. Each IP token is paired against USDC (a stablecoin pegged to the US dollar). Select the token you want to trade from the dropdown or search bar at the top of the page.
The IPX DEX (Decentralized Exchange) is a non-custodial trading platform built on Base L2. Unlike centralized exchanges, your tokens stay in your wallet until the moment of trade. All trades are executed by smart contracts, providing transparency and security.
The main chart shows the token price history. Switch between candlestick, line, and area chart styles. Adjust time frames from 1 minute to 1 month.
Shows open buy orders (bids) in green and sell orders (asks) in red. The spread between the best bid and best ask indicates liquidity depth.
Real-time feed of executed trades. Shows price, quantity, time, and whether the trade was a buy or sell. Helps you gauge current market activity.
The buy/sell interface on the right side. Toggle between Market Orders and Limit Orders. Enter your amount and review before confirming.
In the trade panel, click the "Buy" tab (highlighted in green). This prepares the interface for purchasing tokens with USDC from your wallet.
Select your order type:
Executes immediately at the current best available price. Fastest way to buy, but you accept whatever price the market offers.
Sets a maximum price you're willing to pay. The order only executes if the price reaches your limit. May not fill immediately — or at all.
Enter how much you want to buy:
For limit orders, also enter your target price per token.
Review the order summary showing:
Click "Confirm Buy" to execute. The transaction processes on Base L2 within seconds.
Click the "Sell" tab (highlighted in red) in the trade panel. Your available balance of the selected token is shown.
Same as buying — choose between Market (instant) or Limit (set your minimum price). Enter the number of tokens you want to sell, or use the percentage buttons (25%, 50%, 75%, 100%) to sell a portion of your holdings.
Tip: Selling 100% exits your position entirely. You'll no longer receive revenue distributions for that project after selling.
Review the order summary including USDC you'll receive, price impact, and fees. Click "Confirm Sell" to execute. The USDC proceeds are credited to your wallet immediately upon confirmation.
Slippage is the difference between the expected price when you place a trade and the actual price when it executes. This happens because prices can change between when you submit an order and when the blockchain confirms it. While Base L2 is fast (1-2 seconds), price can still move during that window.
Price impact measures how much your individual order moves the market price. It depends on:
Click the gear icon in the trade panel to adjust your slippage tolerance:
Conservative — may fail if price moves
Recommended — good balance
Aggressive — guarantees fill, higher cost
The IPX trading interface provides several chart types and technical indicators to help you make informed trading decisions.
Each candlestick represents a time period (1 min, 5 min, 1 hour, 1 day, etc.) and shows four data points:
Green candles indicate the price went up during the period; red candles indicate it went down.
Shows trading volume per period. High volume confirms price moves; low volume suggests weak trends.
Smooth price data to show trends. When short-term MA crosses above long-term MA, it may signal upward momentum.
Price levels where buying (support) or selling (resistance) pressure has historically been strong.
High, low, volume, and price change over the last 24 hours. Quick snapshot of recent activity.
IPX operates on Base, an Ethereum Layer 2 built by Coinbase. Base inherits Ethereum's security while offering dramatically lower transaction costs — typically under $0.01 per trade. This makes frequent trading practical and cost-effective.
< $0.01
Per transaction on Base L2
0.3%
Per trade, goes to liquidity providers
~2s
Average transaction confirmation
Decide your buy price and sell price before entering a trade. Emotional trading leads to poor decisions.
Test the interface with small amounts first. Familiarize yourself with order types and execution before scaling up.
Trade during active periods when there's more liquidity. Low-volume periods may result in higher slippage.
For larger trades, use limit orders to control your price. You avoid the surprise of high slippage on market orders.
IP tokens are designed for medium to long-term holding with revenue share. Frequent trading incurs costs and may not suit the asset class.
Token prices often move around revenue distribution dates. Factor upcoming payouts into your trading decisions.
Problem: Your trade was submitted but the transaction failed.
Common causes:
Problem: Your limit order has been sitting for a while without executing.
Limit orders only execute when the market price reaches your target:
Problem: You see a high price impact warning on your order.
High price impact means your order is large relative to available liquidity:
Problem: The price chart shows blank or stale data.
Try these steps: