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Author Topic: Bittrex Minimum order broken?  (Read 122 times)
GiantGreen
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December 21, 2017, 02:11:06 AM
 #1

Minimum Trade Size: From Bittrex.com
"The minimum trade value for orders is 100,000 Satoshis (.00100000).  There is also a minimum trade quantity.  For example, DOGE trades at 22 satoshis.  The minimum trade quantity is 4500 DOGE and the minimum trade value is 100,000 Satoshis.  The smallest order in the book is 100000 DOGE at 1 satoshi each.  The largest order in the book is 4500 DOGE at 2 btc each."

My understanding is you have to have 100,000 Satoshis (.00100000) to make a purchase on the marketplace, Today I was attempting to buy so XVG, I have 0.00120703 Satoshis but when I make the order I get the error MIN_TRADE_REQUIREMENT_NOT_MET. This is super confusing. If anyone has a good way to explain where i'm going wrong here I would much appreciate it. I may even be willing to tip the person that provides an answer to my issue.

Here is what the order looked like on Bittrex.com

Quantity: 125.94272228 XVG

Price:0.00000956 BTC

Subtotal:0.00120401 BTC

Commission: 0.0000030BTC

Total: 0.00120703 BTC <------ Over 100,000 Satoshis (.00100000)
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rapidleech
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December 21, 2017, 02:17:22 AM
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bittrex scam
look at their ANN topic
magneto
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December 21, 2017, 04:45:39 AM
 #3

Minimum Trade Size: From Bittrex.com
"The minimum trade value for orders is 100,000 Satoshis (.00100000).  There is also a minimum trade quantity.  For example, DOGE trades at 22 satoshis.  The minimum trade quantity is 4500 DOGE and the minimum trade value is 100,000 Satoshis.  The smallest order in the book is 100000 DOGE at 1 satoshi each.  The largest order in the book is 4500 DOGE at 2 btc each."

My understanding is you have to have 100,000 Satoshis (.00100000) to make a purchase on the marketplace, Today I was attempting to buy so XVG, I have 0.00120703 Satoshis but when I make the order I get the error MIN_TRADE_REQUIREMENT_NOT_MET. This is super confusing. If anyone has a good way to explain where i'm going wrong here I would much appreciate it. I may even be willing to tip the person that provides an answer to my issue.

Here is what the order looked like on Bittrex.com

Quantity: 125.94272228 XVG

Price:0.00000956 BTC

Subtotal:0.00120401 BTC

Commission: 0.0000030BTC

Total: 0.00120703 BTC <------ Over 100,000 Satoshis (.00100000)

Look at the highlighted part.

Apart from the minimum 100k satoshi, there is also a minimum requirement on the amount of Verge you are able to buy at one single time. I assume that it's probably something like 200-500 XVG and you haven't met that limit.

As far as i know ,they want to keep that minimum trade size figure in terms of whatever altcoin you're trading in as close to 0.001 BTC as possible.

However, with the pump of verge today it means that they have'nt got enough time to change the minimum verge order size. So even though you met the 0.001 BTC requirement part, you're still yet to meet the verge requirement, whatever amount it is.

hope this helped.

RuudCrypto
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December 21, 2017, 09:02:56 AM
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I have the same with RDD coin now. Minimum trade amount is well over 3000RDD, that's over $30? Looks to me as if the minimum Satoshi amount has doubled once more?  Huh
Had the same with XVG the other day. I also am a small trader, and I can't really do the trades I want anymore..
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December 21, 2017, 09:20:56 AM
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I have the same with RDD coin now. Minimum trade amount is well over 3000RDD, that's over $30? Looks to me as if the minimum Satoshi amount has doubled once more?  Huh
Had the same with XVG the other day. I also am a small trader, and I can't really do the trades I want anymore..

As i've said before, it's simply because the price of reddcoin has been absolutely pumped to the moon and bittrex hasn't changed the minimum order value. Before the pump 3000 RDD was around 0.0005-0.001 BTC, which was close to 0.001, but now after the pump it is worth 0.002 btc and that's why everyone is complaining about it.

Read the support article. It's all written there.

Your minimum has to satisfy both the native currency requirements(aka 3000 RDD) and 0.001 BTC, for a trade to be valid and put onto the orderbook.

RuudCrypto
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December 21, 2017, 10:21:07 AM
 #6

I have the same with RDD coin now. Minimum trade amount is well over 3000RDD, that's over $30? Looks to me as if the minimum Satoshi amount has doubled once more?  Huh
Had the same with XVG the other day. I also am a small trader, and I can't really do the trades I want anymore..

As i've said before, it's simply because the price of reddcoin has been absolutely pumped to the moon and bittrex hasn't changed the minimum order value. Before the pump 3000 RDD was around 0.0005-0.001 BTC, which was close to 0.001, but now after the pump it is worth 0.002 btc and that's why everyone is complaining about it.

Read the support article. It's all written there.

Your minimum has to satisfy both the native currency requirements(aka 3000 RDD) and 0.001 BTC, for a trade to be valid and put onto the orderbook.

Thanks for explaining Smiley
dingoyabuki
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December 22, 2017, 08:03:53 AM
 #7

I have the same with RDD coin now. Minimum trade amount is well over 3000RDD, that's over $30? Looks to me as if the minimum Satoshi amount has doubled once more?  Huh
Had the same with XVG the other day. I also am a small trader, and I can't really do the trades I want anymore..

As i've said before, it's simply because the price of reddcoin has been absolutely pumped to the moon and bittrex hasn't changed the minimum order value. Before the pump 3000 RDD was around 0.0005-0.001 BTC, which was close to 0.001, but now after the pump it is worth 0.002 btc and that's why everyone is complaining about it.

Read the support article. It's all written there.

Your minimum has to satisfy both the native currency requirements(aka 3000 RDD) and 0.001 BTC, for a trade to be valid and put onto the orderbook.

Where did you find that the native currency requirement on Bittrex for RDD is 3000 RDD?
I'm trying to find information on the native currency requirements for each market. Is there some sort of link of this information?

I've already read this article, but it simply states that there is a minimum quantity that varies based on the market..
https://support.bittrex.com/hc/en-us/articles/115003004171-What-are-my-trade-limits-
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