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Author Topic: if i put a buy order in at $20......  (Read 588 times)
bitcon
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June 27, 2011, 11:46:29 PM
 #1

and the lowest ask price is at $17, does my purchase default to the lowest "ask" or do i get the BTC for $20 each?

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June 27, 2011, 11:50:23 PM
 #2

Lowest ask will work...

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June 27, 2011, 11:59:06 PM
 #3

I guess it depends on the market, mtgox has an explanation https://mtgox.com/support

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June 28, 2011, 12:04:13 AM
 #4

I guess it depends on the market, mtgox has an explanation https://mtgox.com/support

This, it looks like you would get BTC at the lowest levels leading up to $20 until your order is filled. So you might get some for instance in the $17's.
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June 28, 2011, 12:07:04 AM
 #5

There's a handy calculator on the Market Depth tab of the Mt Gox charts on bitcoincharts: http://bitcoincharts.com/markets/mtgoxUSD_depth.html

Just put in how many BTC you want and it'll show you how much you'd have to pay at current market prices for the whole lot, starting with the low prices and eating its way up.
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