Bitcoin Forum

Hello,

Which exchange supports hidden orders or partially hidden orders ?

Apparently, both Bitfinex  (https://support.bitfinex.com/hc/en-us/articles/115003507345-Hidden-Order-Option) and Bitmex  (https://www.bitmex.com/app/orderTypeFAQ#Hidden-Orders)support that.

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Does anyone know the difference between hidden orders and OTC? I can't see the difference If both are meant to be out of the public books.

Hidden orders is a feature that exchanges usually offer to deep pocket traders. It's not meant to be similar to how we know the OTC market works.

Hidden orders are easy to spot when you see a lot of volume being generated around a certain price level while the price isn't moving at all. For example, if I have a 1000BTC hidden buy wall at $4000 and you dump 500BTC into that wall, it will in the public trade history show as 500BTC in volume at $4000. The price will change the moment the hidden buy wall has been sold through.

In a nutshell, the orders are hidden, but the volume they generate once they get bought/sold into isn't.

We at sifr.com support fully hidden and partially hidden orders (also called Iceberg orders), you can even try the features on our demo terminal : https://sifr.com/trade/BTC-USD
Please mind we are only in test-mode right now and you can use our services in by end of march / beginning of April.

LMAO, I would have liked to see myself using these hidden orders one day. It's indeed a tool for whale traders who have oversized buying or selling positions that they have to hide from not-so professional traders.

Big whales use such type of orders in order to avoid from front running by other traders. Hidden orders are not shown in order book on exchanges from my trading experience. Is there any difference between to put hidden orders and using software that can place orders with pre-specified time, price adjustments?

Yes there is the order priority, if I put a hidden limit sell order at 4000.00, and other traders post a visible limit sell at the same price, my order will be matched first if the market moves up.

Using a software to post an order won't hide it from the orderbook.

This is really confusing. Why do they have to make hidden orders? What is it capable of and can it affect well or badly?
I am quite curious about the use of hidden orders. Please tell me about this. thank you

So technically, OTC doesn't alter or add up to the volume on the whole exchange as everything is done not on the platform itself, whereas hidden orders are basically orders not appearing on the orderbook but adds up to the overall volume of the platform should it get filled because it's done within the platform premises. The way I put it, people who place hidden orders have the intent to stimulate the market in some way by moving the volume all the while being hidden while OTC purchases don't and want to keep the markets as it is.

I don't think it's the fault of unprofessional traders. Everyone has an investment plan and set their own prices. I think this is a tool for whales to create a hidden wall and this will often make it difficult for traders to guess. I think this is an advantage only for those who have a lot of money and it's really unfair.

I believe so too. Maybe is a preference for certain level of account and order. They are even those considered the teal customers  ;D


 ::) smiles... I rather see it as a challenge. To have such huge account won't be an easy thing to do.

you can find such orders at b2bx exchange - https://support.b2bx.exchange/article/65-reserve-iceberg-order (https://support.b2bx.exchange/article/65-reserve-iceberg-order)

Hidden orders are very important when trading on margin with large position.

It’s pretty obvious that most exchanges have market makers and automated trading bot analyzing the order book continuously, hidden orders helps close an open position without scaring market participants.

@sifr.com : the platform you’re building is amazing, you have OCO + OSO orders, no other platform has that.

Me too,for the long time im trading cause me i always does straight trade crypto to crypto and crypto to fiat only little did i know that there exists such as hidden orders. I don't know if it affects one's trading style or the price in the market.

I was shocked bro on hearing about hidden orders, this is very scary because you don't know the order placed by a whale which might either dump the price of the coin or cause a growth in the price of the coin, it's a 50/50 chances.

I think I might have to avoid exchanges that has the hidden order feature because it just makes me very scared and I don't want to enter a market and in the next minute seeing myself losing a lot of coins because I never knee that a whale somewhere placed an hidden sell order to dump coin.

I don’t use hidden orders personally, but I assume they’re used primarily so that large orders don’t influence price movements in the short term. A wall of coins can have a pretty significant impact on short-term price movements, and so some whales like to keep their trades hidden. They can also be used to nudge the price of a coin or token up or down without there being a visible wall on the orderbooks as a result.

That's the disadvantage but not a considerable thing or feature that would necessarily be avoided since it would really be useful for some traders but
well these hidden orders can really give out some surprise when it to hit a certain range being set out.So we wouldn't really know on what price it would be
and we should be careful with that.

Lol, if there is a market movement on any exchange, with or without hidden orders other exchanges will follow price wise.

Hidden orders reduce price slippage, you should use an exchange that supports hidden orders.

You need to know that hidden orders lose in order priority, always pay taker fee even if the order is a maker, and have other disadvantages compared to visible orders.