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Author Topic: Question about Bittrex  (Read 168 times)
bob3772
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September 01, 2017, 06:46:18 PM
 #1

Hello, hopefully a simple question for someone to answer. When trading on bittrex, if you match the price of a current offer will you be entered in to a queue and the orders will fulfill in the order they were placed or is there some other process to decide which order fills first when the offer is met?

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September 01, 2017, 08:30:31 PM
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yes, it is "first come first serve".
But since it is processed within a few miliseconds, you won't notice this, except you want to do high-frequency trading with a bot (if so, the faster the bot/connection the better)

Mit Cointracking behältst du die Übersicht über all deine Trades und Gewinne. Sogar ein Tool für die Steuer ist dabei Wink
Testen ist kostenlos und mit dem obigen Link bekommst du 10% Rabatt auf die kostenpflichtigen Pakete. Thread                                        Great Freeware Game: Clonk Rage
Für instant Handel auch am Wochenende bei bitcoin.de sollte man das Fidorkonto verwenden Smiley FAQ Ref-Link: Registrieren
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September 01, 2017, 09:19:28 PM
 #3

Sorry I'm not certain I was understood exactly. So the scenario I mean, say two people have asks for a coin at the same price. If someone then submits a bid at this price, which one of the asks will fill first? The one that was submitted first?

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September 01, 2017, 10:54:58 PM
 #4

Sorry I'm not certain I was understood exactly. So the scenario I mean, say two people have asks for a coin at the same price. If someone then submits a bid at this price, which one of the asks will fill first? The one that was submitted first?

Precisely. Let's say person A sets an ask with a volume of 1.0 BTC. A few seconds later person B sets an ask with a volume of 0.5 BTC at the same price. Along comes person C, making a market order at your ask price with a volume of 1.2 BTC. Person A will have sold the whole lot of 1.0 BTC while person B's order will only be partially fulfilled (ie. 0.2 BTC sold, 0.3 BTC are left in the order book).

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