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Title: Why limit orders cost more??? Please explain Post by: Youssef27 on November 30, 2019, 11:28:06 AM Hello,
Im on Binance trying to trade USDT/MATIC When I do market order I can trade as low as 0.004 which is 0.1 MATIC However!! When I do limit order the system tells me that trade can not happen and I need at least 10 USDT!! which equals 348 Matic!! I tried this with several other coins and always the same-->market order cheap but limit order 10X expensive! Why is that?? Can someone please explain....And more importantly; How do I get around this ridiculous nonsense Thanks Title: Re: Why limit orders cost more??? Please explain Post by: DaMut on November 30, 2019, 11:40:05 AM binance limits the users from making an order below 10 USDT is to prevent spam orders.
if they are allowing the users to make a low trade, the bot will spam the orders and it might affect the exchange performance in executing the orders. there might be another reason for this, but this is what I heard on other exchanges. Title: Re: Why limit orders cost more??? Please explain Post by: Youssef27 on November 30, 2019, 11:53:52 AM binance limits the users from making an order below 10 USDT is to prevent spam orders. if they are allowing the users to make a low trade, the bot will spam the orders and it might affect the exchange performance in executing the orders. there might be another reason for this, but this is what I heard on other exchanges. Thank you, that makes sense. Title: Re: Why limit orders cost more??? Please explain Post by: samuraijin on November 30, 2019, 02:01:15 PM binance limits the users from making an order below 10 USDT is to prevent spam orders. well it's the same when you trade pairs with BTC or ETH, you have to trade at least 0.01, that's right because there are lots of bots trading with smaller amounts so it looks like spam, I often see it in latoken p2pb2b and some other exchanges , very strict binance for that is not a place for small investors to play thereif they are allowing the users to make a low trade, the bot will spam the orders and it might affect the exchange performance in executing the orders. there might be another reason for this, but this is what I heard on other exchanges. Title: Re: Why limit orders cost more??? Please explain Post by: nonbody on January 12, 2020, 02:45:00 PM Many token project parties will cooperate with the exchange. In order to control the token price, some measures will be taken to limit the token selling behavior.
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