Binance Exchange allows API users to trade with iceberg orders. It is important to note that iceberg orders are not available from the website or the official application of the exchange.submitted by MoonTrader_io to Moontrader_official [link] [comments]
Binance Exchange allows API users to trade with iceberg orders.
An iceberg or ice mountain is a large piece of freshwater ice that has broken off a glacier or an ice shelf and is floating freely in open water. About 90% of an iceberg is below the surface of the water.
Iceberg orders can be absolutely hidden in the order book, where only 1/10 of the order is visible and the remaining 9/10 is hidden.
How an iceberg order works
For example, you place an order to sell / buy 1000 coins. Of these, 100 coins (1/10 part) will be visible in the orderbook to other traders, 900 coins will not be visible in the orderbook.
In this case, the order exists on the exchange in full with all 1000 coins, and until it is filled out completely, the price will not go over it.
There are both positive and negative aspects in this.
Thanks to the developer, all Moonbot users reserve the same advantage over the other players on the market. It is the ability to hide any amount in the trading book (showing only 1/10 of it), in order not to create walls when buying or selling, thereby confusing other market participants.MoonBot
Example: a sell order with the equivalent of 1.7 BTC in a half-empty order book looked like 0.17 BTC.
Market participants bought from an invisible seller until his coins ran out. Thus, a large wall with an order was not shown, which could lead to a price drop.
While one bot with the iceberg mode “On” is waiting for a buy order to be filled (each time when buy price is touched, only 10% is filled), a bot with the iceberg mode “Off” fills its orders at 100%.
Example: Imagine a situation (picture below) where you want to buy a coin at the price of 1120 sats and put up at this price your limit order of 1 BTC with iceberg mode “On”. After you have placed your order, another buyer (let’s call him buyer “X”) put his order at the same price in the queue (with iceberg mode “Off”).
The order book will show the volume of 1.1 BTC for purchase at a price of 1,120 sats. After the sale of 0.2 BTC at the price of 1120, your order will be filled for 0.1 BTC, and the next 0.1 BTC will be queued after 0.9 BTC (0.1 BTC will also be partially fulfilled) of the buyer “X”.
Until the next execution of your order will have to stand in line at 0.9 BTC.
If a third buyer appears at this time (buyer “Y”) with a volume of 0.3 BTC at the price of 1120 sats, then after another 1.2 BTC is sold at a price of 1120 satoshi (0.9 BTC — order of the buyer “X” will be filled completely, 0.1 BTC — your part of the iceberg order will be filled, 0.2 BTC — part of the order of the buyer “Y” will be filled ), the next 0.1 BTC of your order will queue for the remainder of the order (0.1 BTC) of the buyer “Y”.
And only if no one else places an order to buy at the price of 1,120 sats , your remaining 0.8 BTC volume will be completed without a queue.
When iceberg mode On, your purchase order will be executed immediately in two cases only — there is no queue at your price after you or the sale at your price will be more than total volume of buy orders at this price.
t.me/MoonBotNews — the latest news and updates.
Reproduction without attribution is prohibited.
Trade on the Binance Decentralized Exchange today! Binance Smart Chain. Livecoin is a Bitcoin and altcoin exchange platform that offers many currency pairs, including trading altcoins for FIAT currency. Review Contents Verification Fees Deposits & Withdrawals Trading and Order Types Ease of Use Customer Support Exchange Security Supported Payment Methods Supported Countries Conclusion The exchange was founded in 2013, by DELTA E-COMMERCE LTD from London, […] Как купить биткоин на Бинанс за рубли с карты VISA теперь стало очень просто, криптовалютная биржа Binance добавила такую возможность. Вы так же купить за рубли BNB (Binance token), ETH (Ethereum), XRP (Ripple) Биржа Binance 10% скидка на комиссию ... Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be ... Bitcoin mining is a challenging Get a free Bitcoin Mining Software Program - As soon as you've acquired your bitcoin mining equipment, you'll need to download and install a unique Video 4K en tiempo real en todas las habitaciones · Neighbors App. Real btc mining app No , Hong Kong es como si fuera otro país no le afecta tiene unos tratados diferentes. App real btc mining Overall it seems ... The founder of the project, Justin Sun, tells in one video how exactly he is planning to burn TRX coins. The coin burn will allow raising the rate of this cryptocurrency and making the tokens more valuable. Binance Coin – Coin Burn (BNB) The cryptocurrency Binance Coin (BNB) is considered one of the most promising for the investing today. The Binance Exchange practices the coin burn every ... Bestchange.ru, Binance blacklisted, Bitcoin Transactions, Crypto regulation, Roskomnadzor, Russia, Russia’s Federal Service for Supervision of Communications Information Technology and Mass Media Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more. Read more Video shows the Bitcoin Price Journey from 2013-2018. Video shows Bitcoin price journey on 1Day chart. Pleasant to watch. Subscribe my channel for knowledge and fun in crypto. I am following Cryptocurrency since 2013. I have learned from my own mistakes and setbacks. I want to use my experience and share maximum technical knowledge in ...
[index]          
Binance considered rolling back the Bitcoin chain in order to recover stolen funds. How would that have happened? How likely is it that such a recovery method would be executed in the future? Binance $100 Day Beginners Guide. To Crypto trading on Binance REGISTRATION Binance: https://clck.ru/JsEpq All Projects. Push! https://bitcoin-eng.blogsp... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Mine Bitcoin On Your Computer For Free: https://honeyminer.com/referred/58xpg-----Open An Account With Binance! #Bitcoin #CoinMarketCap #Binance. Category Science & Technology; Show more Show less. Loading... Hide chat Show chat. Advertisement Autoplay When autoplay is enabled, a suggested video will ... Hacer un envío de Bitcoin o cualquier otra moneda a un Exchange como Binance parece ser un proceso complicado pero es más fácil de lo que piensas. Coinbase -... This Line Is Critical For Bitcoin + Binance Scandal Altcoin Daily. Loading... Unsubscribe from Altcoin Daily? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 161K. Loading ... Cardano(ADA) Banned from Wiki? Bitcoin to $350k? Binance to issue Debit Card ----- My other channels and subscribe! https://www.youtube.com/cha... Get an additional $10 in Bitcoins from Coinbase when purchasing through my referral link http://fredyen.com/get/Bitcoins Here is a quick beginner's guide on ... 1:02 Bitcoin Analysis 3:50 Binance News 5:01 Fidelity News 5:42 ETF News 6:50 QuadigaCX Bankrupt 8:16 Financial Crisis! Support Me Via Affiliate Links ...