Timeline for Order Book ASK - which BUY orders are serviced first at cryptocurrency exchange
Current License: CC BY-SA 4.0
9 events
| when toggle format | what | by | license | comment | |
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| May 30, 2022 at 14:04 | comment | added | Jivan Pal | @CaseyHarrils To answer your question about who goes first if multiple orders could be fulfilled: the queue is not based on order placement time, it is based on bid/ask price. Among buyers, the highest bidder gets priority. Among sellers, the lowest asker gets priority. If you want to get there first, increase your bid. | |
| May 30, 2022 at 14:00 | comment | added | Jivan Pal | @CaseyHarrils For example, if Bob's sell-order was for 2 BTC @ $1.01, and Alice's subsequent buy-order was for 10 BTC @ $1.05, she would immediately get 2 BTC @ $1.01, paying $2.02 and fulfilling Bob's order; and then Alice's remaining 8 BTC @ $1.05 buy-order would be placed on the order book. | |
| May 30, 2022 at 13:59 | comment | added | Jivan Pal | @CaseyHarrils You do not make offers for a particular person's coins in that way. Alice has placed a buy order with a bid of $1.00 each. Bob has seen this and placed a sell order with an ask of $1.01 each. Nothing happens. If Alice subsequently places a buy order with a bid of $1.05 each, the exchange will see that Bob's ask of $1.01 is less than that and fulfill some/all of Alice's order at that price before putting the rest of Alice's order on the order book. | |
| Mar 4, 2022 at 14:06 | history | edited | Casey Harrils | CC BY-SA 4.0 |
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| Mar 4, 2022 at 13:57 | comment | added | Casey Harrils | "is the $399.99 order per coin?" - sorry for the fuzziness. Ironically, I tried to be clear when creating the message. Anywho, the answer is "no". The guy is selling 4000 coins for $1.00 each. I see his order and would like to buy his coins for $1.01 each. But again, I only want 300 coins. So, I would be offering him a total of $303.00. | |
| Mar 4, 2022 at 13:52 | history | edited | Casey Harrils | CC BY-SA 4.0 |
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| Mar 3, 2022 at 17:23 | comment | added | D Stanley | In "your understanding" - is the $399.99 order per coin? If so, then in the "yesterday", why would anyone put in a sell order for $1 per coin when they could sell it immediately for $399.99? | |
| Mar 3, 2022 at 16:35 | history | edited | base64 | CC BY-SA 4.0 |
edited tags; edited title
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| Mar 3, 2022 at 16:24 | history | asked | Casey Harrils | CC BY-SA 4.0 |