13
votes
Accepted
What are taker and maker fees?
When a market charges taker and maker fees, they differentiate whether you're increasing the size of the order book or decreasing the size of the order book.
When you create an order that is ...
- 68.7k
7
votes
Limit order versus Market order
In a limit order, you specify how much of the asset (in this case BTC) you want to buy or sell, and the price you want. If there are matching orders on the book (e.g. someone who wants to sell at the ...
- 22.9k
4
votes
What is the "Count" column in the order book on Bitfinex?
It's because the Total column is not the cumulate sum of the column Count but of the column Amount. In your example, at the line for price 1612, Total=6.0 and indeed if you do the sum of all amount of ...
- 141
3
votes
What are taker and maker fees?
A maker fee is when you create an order on the order book (this could be a buy or a sell) and someone else completes it, therefore you pay no fees and get the amount paid. The one that completed your ...
- 131
2
votes
Accepted
How do bitcoin exchanges commit the limit/market orders?
In general, if an exchange wants to execute a buy or sell order without asking you, the relevant Bitcoins need to be held by an address that the exchange controls. When an order executes, and Bitcoins ...
- 29k
2
votes
Bitstamp: What type of order to place to buy BTC when the price drops to a certain value?
I figured this out. A "Limit" order is what I wanted to do.
A limit buy order will trigger if the price hits the target or lower. A caveat for anyone unfamiliar like I was: the order won't ...
- 51
2
votes
What is the price of an ask order bought if a bid order is placed at a higher price?
If you bid a higher price than a buy order, you will purchase that buy order at the ASK price, you won't pay more than they were asking for. Your order will fulfill all sell orders up to the amount ...
- 11.6k
2
votes
Accepted
Confused about buy/sell definition in trades history
what is the exact definition of a buy/sell indication in the trade history?
A trade whether it will be marked as buy/sell will depend on how the order book is consumed. Assume the last traded price (...
- 7,183
2
votes
Accepted
How to get Order status in Bittrex API
You can use this field from response json to know if order is filled
QuantityRemaining
And this filed tells if order is open or close
IsOpen
Its pretty self-explanatory. Comment if you wish to ...
2
votes
Somebody sells at 4k instead of 40k. Who gets it?
TLDR: The highest bidder on the exchange will get it.
One of the main jobs of an exchange is to match sellers with buyers. The exchange will help users sell for the highest price possible, and buy for ...
1
vote
Somebody sells at 4k instead of 40k. Who gets it?
AFAIK, if it is the same as stocks, then it is "The person who entered it first", meaning:
If somebody put in the limit order to Buy At $33,000, before you, then your $4000 will be matched ...
- 181
1
vote
Order Book Distribution
what gives order books the V shape
I’m not sure what other shape could it be? (other than flat- no orders)? The order book represents all of the bids/asks of buyers/sellers in the market. Generally, ...
- 17.7k
1
vote
At what time will the payment be taken when buying bitcoin on an exchange?
Conceptually, orders arrive at the exchange and are processed one at a time. The fate of your order depends on the previous orders which are on the books when yours is processed. So what matters is ...
- 22.9k
1
vote
Why are other sell limit orders being filled before mine on exchanges like gdax?
Look at the trade history on the right. Do you see any price other that the current ask and bid ? This means that orders with values other than 9000 and 8999.99 (to take the example below) are not ...
1
vote
Bitfinex - Market order that uses all available
This is a shortcoming of the Bitfinex API. For example, say you have 0.5 BTC and you'd like to buy as much ETH as you can with it, you need to calculate how much ETH it might work out to and then ...
- 11
1
vote
Accepted
What is the price of an ask order bought if a bid order is placed at a higher price?
When a new order is added to the order book, it will first be matched against already existing bids and offers. The older orders take precedence: you match them at what you saw on the order book. If ...
- 68.7k
1
vote
What are taker and maker fees?
First know who is maker and who is taker?
If you place an order above the current ticker price for selling or below the current ticker price for buying, you add liquidity to the market and you thus ...
1
vote
What are taker and maker fees?
A TAKER is when you place an order at the market price that gets filled immediately, you are considered a taker and you will pay a fee for books.
A MAKER is when you place an order which is not ...
- 111
1
vote
What is the "Count" column in the order book on Bitfinex?
Count:
This is the total number of orders at that level. A count of 1 means that 1 order is at that price point. A count of 6 would mean that there are 6 orders at that price point.
From https://...
- 133
1
vote
Accepted
Xemian Xchange Api for Java, returning a default of 100 market orders
The Cryptsy driver does not support this, or any kind of argument, actually.
https://github.com/timmolter/XChange/blob/df9eb4e4d95c5bb3954b1527f585d9238514fa94/xchange-cryptsy/src/main/java/com/xeiam/...
- 29k
1
vote
Self trade prevention
Trading with oneself is commonly known as wash trading and is most commonly used to manipulate markets.
I want to know is it a default protection practice, used all over the exchanges or only a ...
- 113
1
vote
Will buy and sell offers from one trader be matched with each other?
On "real" exchanges Trading Against Yourself or Wash Trades are usually forbidden. Either by a real time check when you enter the second order or after the fact with fines by the oversight agency.
As ...
- 6,286
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