The Platform provides 3 types of orders for cryptocurrency transactions: limit order, market order and planned order.
Limit orders:
A limit order refers to an order with the volume and acceptable maximum buying price or minimum selling price solely set by the user, which will be concluded when the market price meets the range of transaction prices of limit orders.
The limit buying price shall not be higher than 120% of the latest price.
The limit selling price shall not be lower than 80% of the latest price.
Market orders:
A market order refers to an order bought or sold by the user immediately at the best price quoted in the current market for the purpose of rapid transaction. The range of transaction prices of market orders shall not exceed 20% of the latest price, and the system will automatically cancel the market orders quoted in excess of the latest price.
Planned orders:
A planned order refers to an order with the trigger price and order price and volume set by the user in advance, which will be placed automatically by the system, when the market price reaches the trigger price, at the order price and in the volume set in advance by the user.
1. The Platform provides 2 types of planned orders, i.e., "limit order" and "market order".
2. Before a planned order is triggered, the assets corresponding to the order will not be frozen; after the planned order is triggered, the assets corresponding to the order will be frozen.
3. Planned orders are not necessarily triggered. Planned orders may fail to be triggered due to the influence of prices, account balances, delisting of trading pairs, abnormal network, or system upgrade, etc.
4. A planned order may not be concluded after being triggered. When the market fluctuates greatly and the price rises or falls sharply, the limit order or market order triggered by the planned order may not be concluded due to the influence of the market.
1) A limit order successfully triggered by the planned order will be placed at the order price set by the user in advance. The conclusion of such order cannot be guaranteed, which completely depends on the market at that time. If the selling price of the pending order is lower than the current market price or the buying price of the pending order is higher than the current market price, the order will be concluded at the market price.
2) A market order successfully triggered by the planned order will be bought or sold at the current market price based on the buying amount or selling volume set by the user in advance. The conclusion of such order cannot be guaranteed, which completely depends on the market at that time.
Trigger price: When the market price reaches the set trigger price, the order will be triggered and placed.
Order price: The buying price and selling price. When the market price reaches the trigger price, the price will be the price of the order automatically placed by the system; if the limit order is selected, the price of the order automatically placed by the system will be the buying / selling price set by you; if the market order is selected, the price of the order automatically placed by the system will be the market price quoted at the time of triggering.
Volume: The order volume placed after the planned order is triggered; if the limit order is selected, the volume will be the buying / selling volume set by the user; if the market order is selected, the volume will be the total buying volume set by the user when buying, or the total selling volume set by the user when selling.
Doex Team
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