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What does Bitcoin commission price mean

Date:2024-06-26 18:07:45 Channel:Trade Read:

In the digital currency market, the Bitcoin commission price has always attracted much attention. What does the Bitcoin commission price mean? Let's explore this issue in depth and reveal the mystery behind it.

The Bitcoin commission price, as the name suggests, refers to the price at which investors are willing to sell or buy Bitcoin on the trading platform. This price is set by the investor and submitted to the exchange in the form of a commission order. The setting of the commission price directly affects the transaction and also reflects the investor's judgment and expectation of the market trend.

 1. Factors affecting the commission price

The setting of the Bitcoin commission price is not a blind action, but the result of the combined influence of multiple factors. First of all, the market supply and demand relationship is one of the key factors determining the commission price. When the demand for Bitcoin in the market is greater than the supply, the commission price tends to rise; otherwise, it will fall. Secondly, the macroeconomic situation, political events, and technical factors will also have an impact on the commission price.

For example, when there is good news in the Bitcoin market, such as a country's policy supporting the development of digital currency, investors are generally optimistic about the future growth of Bitcoin, and the commission price is often pushed upward. On the contrary, if there is bad news, such as tightening regulatory policies or network security incidents, the commission price may be suppressed and fall.

 2. The operating mechanism of the commission price

In the exchange, the commission price is the basis for investors to conduct buying and selling operations. When investors place a buy commission price higher than the market price, these commissions will enter the buy order queue and wait for the transaction; conversely, the sell commission price lower than the market price will enter the sell order queue. When the buy order and the sell order price agree, the transaction can be completed.

The operating mechanism of the Bitcoin commission price not only reflects the supply and demand relationship in the market, but also reflects investors' expectations for future market trends. Through the changes in the commission price, we can peek into investors' emotions and market enthusiasm, and provide a reference for our investment decisions.

 3. Risks and challenges of the commission price

Although the Bitcoin commission price provides investors with a flexible trading method, it is also accompanied by certain risks and challenges. First, the setting of the commission price requires a certain understanding and judgment of the market, and blindly following the trend may lead to losses. Secondly, the market fluctuates violently, and the commission price changes quickly, so investors need to be vigilant at all times.

In actual operations, investors can avoid risks by setting reasonable stop-profit and stop-loss points, while paying close attention to market dynamics and adjusting the commission price in a timely manner to cope with market changes.

 4. Conclusion

As an important indicator of digital currency trading, Bitcoin commission price carries investors' expectations and market fluctuations. Understanding the meaning and operation mechanism of commission price can help investors formulate more reasonable trading strategies, reduce investment risks, and obtain better investment returns.

In the digital currency market, the fluctuation of Bitcoin commission price is like the waves of the sea, unpredictable. Only with firm investment beliefs and keen market insight can we maintain stability in the whirlpool of the market and seize opportunities. I hope that every investor will overcome all obstacles on the journey of Bitcoin and finally achieve the goal of wealth.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Recently, Bitcoin can be said to be a topic that people often talk about. Although the price of Bitcoin has fallen sharply since June this year, this still cannot reduce people's favor for Bitcoin. Even many investors think that now is the best time to buy Bitcoin. Of course, there is buying and selling. In the process of buying and selling Bitcoin, investors are more likely to come into contact with the term Bitcoin entrustment price. For this term, many investors do not know what Bitcoin entrustment price means? Next, the editor of the currency circle will give you a popular explanation of what Bitcoin entrustment price means?

 What does Bitcoin entrustment price mean?

Bitcoin entrustment price is divided into limit entrustment and market entrustment:

1. Limit entrustment

Limit entrustment is one of the commonly used transaction types in currency-to-currency transactions. It means that when traders place an order, they need to specify the buying and selling price of the transaction entrustment. The order will only be executed when the market price meets the entrustment price. Compared with market entrustment, the advantage of limit entrustment is that the transaction price of the transaction entrustment can be determined. The matching system will trade at the best price according to the limited entrustment price and entrustment quantity.

When submitting a limit entrustment, you need to fill in the buy or sell price and the entrustment quantity. After successful submission, it will be displayed in the "Current Entrustment". You can view the entrustment time, trading pair, trading direction, entrustment price, entrustment quantity, transaction quantity, unsuccessful quantity and other information. At the same time, you can "revoke" the current entrustment and other operations.

Since the limit entrustment can limit the execution price of the transaction, the stop-profit and stop-loss operations can be performed through the limit entrustment.

2. Market Entrustment

The so-called market entrustment means that there is no price limit when we entrust the brokerage to buy and sell, as long as the transaction is completed at the current market price. For example, the current price of a stock is nine yuan, and the customer's market entrustment means that he is willing to buy or sell at a price near nine yuan.

Whether it is the Shenzhen Stock Exchange or the Shanghai Stock Exchange, there is actually no market entrustment procedure. The invisible seats promoted by the Shenzhen Stock Exchange have made many brokerages have no red vests. Therefore, there is no market entrustment in the Shenzhen Stock Exchange. The market entrustment in the Shanghai Stock Exchange means that after the brokerage accepts the customer's entrustment, the red vest in the field decides a price for the customer based on the current stock trading situation, and then enters it into the computer to promote the transaction.

If the market order placed by the user can be directly traded with the current order in the buy and sell orders, the system will determine whether the price corresponding to the transaction depth and the price of the same direction exceed 10%. If it is within 10%, the order is matched and the part exceeding 10% is cancelled.

In the currency circle, the Bitcoin market order refers to the immediate execution of buying or selling at the current market best price to achieve the purpose of fast transaction.

Assuming that the current latest transaction price of BTC is 9000USDT, if you want to buy BTC at the market price immediately, you can choose the market order and fill in the total amount of the order, such as 20000USDT. After placing the order, the order will be executed immediately, and the remaining unfulfilled part will be cancelled. In a rapidly fluctuating market, the transaction price of the market order is not necessarily 9000USDT, but the real-time market price, which may be higher than 9000USDT or lower than 9000USDT.

 Does Bitcoin entrustment require a handling fee?

Bitcoin entrustment orders require a handling fee. Of course, there is no handling fee for canceling the order, but if a transaction occurs, then there will definitely be a fee. The maker order refers to the order placed by the party that quotes first, that is, a maker order is set first, with a price and quantity set, waiting for other users to trade with it. If there is no matching order in the market for the time being, then this order will remain on the exchange's quotation board, providing quotations for the entire market.

The opening amount is the amount of funds held: principal  leverage multiple

Handling fee: opening amount  fee rate

Delivery contract: Maker (order) 0.02% Taker (order taker) 0.04%

Perpetual contract: Maker (order) 0.02% Taker (order taker) 0.05%

This fee rate applies to both opening and closing positions. So the handling fee for opening and closing a contract is: principalleverage multiplefee rate 10,000100 times×0.05%/0.02% =
500/200. If you open and close a contract with 100 times your principal of 10,000, the handling fee for taking orders is 5 points2 =
1,000 yuan (it is assumed that you are trading in perpetual contracts). If you use a maker to place orders, the handling fee can be saved by 60%, which is 400 yuan.

The above is the relevant content about what the Bitcoin commission price means. Finally, the editor of the currency circle wants to tell investors that the currency circle market is fair to everyone. Since some people stop losses, there must be others who stop profits. The most important thing about investment is not how much you can make in a week, but whether you can make long-term stable profits. There is no good or bad method strategy for short-term fluctuations, medium-term swings, and long-term trends. As long as it is suitable for you and can achieve stable profits, it is a good method. If you want to know more about related issues, you can pay attention to the continuous reports of the currency circle!

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