There are two ways to buy bullion on the Live Exchange.
Live price: Immediately match with existing sell prices listed by other members of the Exchange.
Preferred price: List your buy price on the Exchange until a willing seller is available to match your buy price.
In this tutorial, we will guide you through the steps to buy using the preferred price option.
Step 1
On the menu, click on "Buy & Sell".
Step 2
Under transaction type, select the "Buy" option.
Note: By default, the selected transaction type is "Buy".
Step 3
Select the precious metal type. The options available are:
Gold
Silver
Step 4
Select the item you would like to buy.
Note: Items ending with "(ATS)" are items that were brought in via the Asset Transfer Service (ATS) and had been authenticated using non-destructive methods. You can read more about the service here.
Step 5
Under "Buy at", select "Preferred price".
Step 6
Fill up the quantity and unit price. This will auto-calculate the fees that is listed under the Fees section.
Step 7
Click on "Proceed".
Step 8
Check the details on the Confirmation page.
Step 9
Click on "Proceed".
Congratulations, you have successfully listed your buy price on the Exchange! You may view the status of your pending buy on the Buy & Sell Status page.
Related articles
How do I buy gold or silver using the live price option on the IBX Exchange?
I have listed my gold or silver to buy using the preferred price on the IBX Exchange. Where can I view the pending buy status?
https://help.ibx.ae/en/articles/8026768-i-have-listed-my-gold-or-silver-to-buy-using-the-preferred-price-on-the-ibx-exchange-where-can-i-view-the-pending-buy-status
How do I cancel a pending buy item that I had listed on the Live Exchange?
https://help.ibx.ae/en/articles/8026769-how-do-i-cancel-a-pending-buy-item-that-i-had-listed-on-the-live-exchange