What order types does Bitglobal offer?

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Bitglobal

At Bitglobal, we offer three different order types to our users.

Limit Order: A limit order allows the trader to specify a price they would like to buy or sell.

Example: If the current GBC market price is 0.0001179BTC and you want to buy lower than that at 0.0001178BTC, then you would place a limit buy order at 0.0001178BTC. If the market reaches 0.0001178BTC and a seller’s ask matches with your bid, your limit order will be executed at 0.0001178BTC.

Stop-Limit Order: A stop-limit order executes as a limit order within a specific price range (buy or sell limit price or better). With a stop-limit, the trader sets a stop price at which the order is triggered and a limit price at which the order may be filled. The order will only execute between the stop and the limit as long as matching bids or asks are available on the book.

Example: If the current GBC market price is 0.0001179BTC and would like to buy once the market price reaches 0.0001177BTC or even lower, but not pay more than 0.0001175BTC, then a stop price of 0.0001177BTC and limit price of 0.0001175BTC will be specified at the same time using a stop-limit order. If the market price reaches 0.0001177BTC, the order is triggered and will match the best available asks up to 0.0001175BTC.

Batch Order: A batch order allows the trader to specify a price range and amount they would like to buy or sell.

Example: If you would like to buy GBC once the market price reaches 0.0001175BTC-0.0001176BTC, then you would place a batch order at 0.0001175BTC-0.0001176BTC. The system will split your batch order into different small orders automatically. If the market price reaches 0.0001175BTC-0.0001176BTC, the order is triggered and will match the best available asks in the book.

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