Code Monkey home page Code Monkey logo

Comments (2)

whitslack avatar whitslack commented on August 12, 2024

This is an expected consequence of trading fees. When you place a bid order, an amount of the counter asset (GBP in your case) is reserved from your available balance. The exact amount reserved is computed as the quantity of the order (here, 0.1000 BCH), multiplied by the limit price of the order (here, Β£1800/BCH). To guarantee that your account balance can never go negative, trade fees are charged against the reserved amount, meaning that your order can purchase at a maximum a slightly smaller quantity than you ordered. You might wonder why the trade fee isn't reserved up front in addition to the order total. The reason is that the exact fee rate charged depends on your trailing 30-day trade volume at the time of the trade. The fee rate you would be charged at trade time is unknown at the time you place your order. Charging the trade fees against the reserved amount allows you to trade your entire counter asset balance without concern for variable fee rates.

from api.

npomfret avatar npomfret commented on August 12, 2024

Thanks for the reply.

from api.

Related Issues (20)

Recommend Projects

  • React photo React

    A declarative, efficient, and flexible JavaScript library for building user interfaces.

  • Vue.js photo Vue.js

    πŸ–– Vue.js is a progressive, incrementally-adoptable JavaScript framework for building UI on the web.

  • Typescript photo Typescript

    TypeScript is a superset of JavaScript that compiles to clean JavaScript output.

  • TensorFlow photo TensorFlow

    An Open Source Machine Learning Framework for Everyone

  • Django photo Django

    The Web framework for perfectionists with deadlines.

  • D3 photo D3

    Bring data to life with SVG, Canvas and HTML. πŸ“ŠπŸ“ˆπŸŽ‰

Recommend Topics

  • javascript

    JavaScript (JS) is a lightweight interpreted programming language with first-class functions.

  • web

    Some thing interesting about web. New door for the world.

  • server

    A server is a program made to process requests and deliver data to clients.

  • Machine learning

    Machine learning is a way of modeling and interpreting data that allows a piece of software to respond intelligently.

  • Game

    Some thing interesting about game, make everyone happy.

Recommend Org

  • Facebook photo Facebook

    We are working to build community through open source technology. NB: members must have two-factor auth.

  • Microsoft photo Microsoft

    Open source projects and samples from Microsoft.

  • Google photo Google

    Google ❀️ Open Source for everyone.

  • D3 photo D3

    Data-Driven Documents codes.