What are the minimum order size requirements for Bitcoin?

Many investors choose Bitcoin for their first cryptocurrency purchase, but they also encounter some problems. When novices buy a smaller amount of Bitcoin on Oyi or other exchanges, they will be prompted with the current The number of Bitcoin orders must exceed the single lower limit. Many novices who have just entered the industry cannot understand what it means that the number of Bitcoin orders must exceed the single lower limit? In fact, it means that the current investor's account funds cannot afford the minimum amount of Bitcoin 0.00001. Simply put, the current account has too little money to purchase Bitcoin. The editor will explain it in detail below.

#What does it mean that the number of Bitcoin orders must exceed the single lower limit?

Bitcoin commission quantity refers to the number of Bitcoins entrusted by investors to buy or sell on the exchange. An order is a request submitted by an investor through the trading platform to buy or sell digital assets.

The exchange has set a single lower limit, indicating the minimum quantity limit for each transaction. Investors must submit a Bitcoin order quantity that reaches or exceeds this lower limit, otherwise the order may not be executed.

In exchanges, minimum trade quantities are usually set to ensure market liquidity and efficient trade execution. This rule varies based on the exchange and trading pair.

For example, the Bitcoin/USD trading pair has a single transaction minimum limit of 0.00001 BTC on the Eureka Exchange. If investors want to buy Bitcoin, they must submit a commission amount of at least 0.00001 BTC. If the order quantity falls below this minimum limit, the exchange may refuse to execute the order.

Is there a time limit for Bitcoin delegation?

In Bitcoin trading, commissions usually have time limits, depending on the regulations and policies of the trading platform. There are 4 common types of delegation time limits:

Immediate or Cancel (IOC) delegation requires immediate execution. If it cannot be executed immediately, it will be canceled to ensure fast execution.

2. Maximum Validity Period (GTC): This is the most common type of order. The specified order will remain valid until it is manually canceled or executed. GTC orders will not be automatically canceled after a certain period of time.

3. Expiration time: Some trading platforms allow investors to set the expiration time for orders. If execution fails within the set time, the order will be automatically canceled. This helps investors reassess market conditions after a period of time.

4. Valid within the day (DayOrder): This type of order is valid on the day. If it cannot be executed at the end of the day, it will be cancelled.

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