Choosing a Crypto Asset Pair Before Ordering Bitcoin

Until now, the name Bitcoin is still being discussed by people in the world. Bitcoin investment is currently the most popular investment. What is Bitcoin? For those of you who don’t know, Bitcoin is a digital currency that applies blockchain technology. Bitcoin can be used for various financial transactions, such as purchasing various services, games, and hosting websites. However, for now, the number who accept Bitcoin services is still very limited. Bitcoin is a digital journal that records who owns Bitcoin. Usually, every bank has a journal like this which is used to record how much money customers have. However, what distinguishes it from Bitcoin is that it is a digital journal that is not stored by any agency or party. More information can be found at http://www.forexkenya.net/bitcoin-kenya.html.

In Bitcoin, digital journals are known to Bitcoin users. When a digital journal owned by a user gets corrupted, you have other backups that were obtained from other users. There is no controlling party, everyone participates in it. Because of its abstract shape, it often makes people feel reluctant to use Bitcoin. Therefore you need to know the steps to take orders in investing in bitcoin, as below:

1. Market
This type of order can be executed immediately because it follows an existing market price position. So if it is a buy order, buy it at the current market price, if it is a sell order, sell it at the current market price. This order is often referred to as a taker or instant order. It is called Instant because the order occurs immediately, while it is called a taker because it takes an existing price in the market and does not create a new price. This type of order is charged by the exchange. The order fee is usually a certain percentage of the transaction value, ranging from 0.1% to 0.3%.
2. Order Book
The order book is data provided by the exchange in the application, which shows the order of orders currently on the exchange based on price and quantity. When an order has occurred, the next order will come out of the order book. The advantage of the order book is that it shows how prices are moving in the market and the depth of the order quantity.

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