Order Fulfillment time estimation ?

[Alpacino7]

hello guys,
I"m new to the crypto world. So I just found an exchange called cointiger. I wanna buy TRX/BTC. the trading volume shows $11k. And I got confused with the prices that appear in the traderoom. there is 'the last price on the top' which is 0.00000164 BTC and 'the best bid':0.00000200 BTC . They said that if I buy with the best bid will order will go faster. But I wanna know what if I buy 5000 TRX with the last price taking in consideration the volume and all that staff.
How long do you think will take for the order to be completed ?
And thanks in advance

[nelson4lov]

Hello Alpacino7. First of all, I think the spread on the quoted exchange is a little too high. The best bid being at 200 and the last price being at 164 tells a lot. That's why I wouldn't suggest you buy at that price. The average price of TRX across all exchanges is around 181.

As for the time for your order execution, this depends on some factors like the orderbook, price movements etc. That said, It'll take sometime to get trigger except tron's price decides to take a nose dive.

[Alpacino7]

Thank you for taking time to reply to my thread. But I didn't get this line "The best bid being at 200 and the last price being at 164 tells a lot".
Can you explain more if you may !

[nelson4lov]

Thank you for taking time to reply to my thread. But I didn't get this line "The best bid being at 200 and the last price being at 164 tells a lot".
Can you explain more if you may !

What I meant is that the spread on the quoted exchange is unusual.  In exchanges with more volumes and liquidity, you'll find the spread between the bids and offers are close. Don't get carried away. Hight spreads like the one you mentioned might be favorable or unfavorable to you. If the market gets volatile, you could end up paying much more than you expected.

My point here is that, since the spreads are high and the volume is thin (>= $1000), it might take time for your order to get executed. Also, I'd be careful if I were you.

[JeromeTash]

Becareful. The liquidity of the asset you want to trade in that exchange is very low so if you place a buy bid based on the last price you may have to wait for even hours before it gets fill that is considering someone decides to do a quick sell off and fill up your order.

I just checked the exchange and the trade volume of the asset is very low. Your order of 5000 would take hours or even a day to get filled

[maxreish]

How long do you think will take for the order to be completed ?
 And thanks in advance
 

 Once you buy trx/btc pair at .00000200 someone will gonna pick it up and sell their trx to you. It will be filled soon. Well, the higher the price you will gonna buy it, the sooner you will get it because trader will gonna sell their trx for their preferred price.
 For example, I will sell my trx at .00000300 and some trader will sell their trx at .00000250, but if you will gonna buy trx at .00000300 then we will both filled the price.

[joniboini]

I suggest you trade on another platform if you need it quickly. Cointiger is a mid-tier or possibly a low-tier exchange that has unreliable volume. Why not use something like Binance or the rest of them?

[JeromeTash]

I suggest you trade on another platform if you need it quickly. Cointiger is a mid-tier or possibly a low-tier exchange that has unreliable volume. Why not use something like Binance or the rest of them?

He was probably attracted by the price difference in cointiger as compared to other exchanges so my guess is he was looking to making quick profits through arbitrage that why he wanted to know how quick the order to get filled. But it makes no sense since cointiger has no sizable order volume even for the bid of 5000 TRX he was looking to have filled in the shortest time possible

[Gozie51]

They said that if I buy with the best bid will order will go faster.

I'm not comfortable with this. Maybe that is meaning if your request order is lower than the higher staked price for buy. If this is the case, then it is normal because you have gone below the price and so your other will be taken faster.

[Sadlife]

Depends actually in market conditions, if you follow the Bitcoin chart and see in your Technical analysis that BTC is forming a possible huge pump to the upside then you could buy the last price in that exchange, so you can ride the wave and make profits. Just be sure to apply stop loss so the risk is not huge.

[Ifemini]

hello guys,
I"m new to the crypto world. So I just found an exchange called cointiger. I wanna buy TRX/BTC. the trading volume shows $11k. And I got confused with the prices that appear in the traderoom. there is 'the last price on the top' which is 0.00000164 BTC and 'the best bid':0.00000200 BTC . They said that if I buy with the best bid will order will go faster. But I wanna know what if I buy 5000 TRX with the last price taking in consideration the volume and all that staff.
How long do you think will take for the order to be completed ?
And thanks in advance

To be honest with you, if it is about restocking, or stcocking up altcoins for investment purposes; you need to do that at a reputable top exchange.
Instead of struggling to place order on cointiger; i assure you that there are more than enough orders on binance, kucoin, gateio, okex exchange platform.

To answer you; if you place a buy order on cointiger; you could wait for ages before it is picked due to the low volume  existing on the exchange.

[pawanjain]

First thing first, you should only trade on a reputable exchange which has good amount of volume and is really trusted by genuine traders.
Now to answer your question, the time of order being fulfilled totally depends on the volume and number of active trades happening on the exchange.
Your order will be executed as soon as the price is met. If you place an order at 164 satoshis and there is some who is selling at that price then the order will be executed immediately. On the other hand if there is nobody selling at the price you want then you will have to wait until some one places an order at that price.
This is why traders prefer to trade on an exchange with high volume since more number of traders place orders on short period of times thus their orders being executed quickly.