> ## Documentation Index
> Fetch the complete documentation index at: https://docs.chok.market/llms.txt
> Use this file to discover all available pages before exploring further.

# Overview

> How trading on CHOK fits together.

You sign orders, a central limit order book matches them, and the CTF Exchange contract settles every match on chain. During the Preseason, some features are limited.

## How trading works right now

These are the current settings. The CHOK team can change them during the season.

| | On CHOK now |
| - | - |
| Order types for users | **Market orders** (buy or sell right away) |
| Limit orders | Not available to users |
| Order book view | Hidden in the app |
| Trading fees | **0** |
| Phone verification | Required before your first trade |
| API / bot trading | Not available to users |
| Split / merge | Off |

## The pieces

> [card] [Accounts & Sign-in](https://docs.chok.market/trading/accounts.md)
>
> Your sign-in wallet and your trading account.

> [card] [Place Orders](https://docs.chok.market/trading/place-orders.md)
>
> Buying and selling, minimums and slippage.

> [card] [Fees](https://docs.chok.market/trading/fees.md)
>
> What a trade costs.

> [card] [Manage Positions](https://docs.chok.market/trading/positions.md)
>
> Selling, redeeming and converting.

## Gas

You don't need ETH to trade. Your trading account is a smart-contract wallet, and CHOK's **relayer** pays gas for actions such as creating the account, approvals and redeeming. Matches are settled by CHOK's operator.


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