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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 will be matched and the part exceeding 10% will be 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 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 profit you can make in a week. The key is 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!