So I placed a limit sell for litecoin at a hundred bucks, and it split my order into two. Like, seriously? I’m not some big fish taking up 10% of the market here.
And by the way, I totally didn’t build a time machine to jump from the 1920s to now.
I used to be into day trading on Coinbase, but now their fees are a total mess.
What's up with limit buys splitting into two orders on Coinbase?
7 replies 533 views
alpha_maxiFull Member
Posts: 42 · Reputation: 286
#2Aug 26, 2021, 03:59 AM
The order probably couldn't be filled all at once, crazily. I am not sure about coinbase, but some brokerages have an "all or none" option so it only fills all or doesn't fill.
you have made several topics asking the same question
you admit your total order filled 100% so its not like your at some panic event of loss, so no need for the spam posting so often
to answer your question. although you created one order, it required 2 buyers to fill that order..simple
of course its not some whale buyer as that would fill your order in one go, but instead it was some guppy buyers wanting less than $100 each so one partly filled, and then second one finished it off and filled the rest
raven_maxiSenior Member
Posts: 196 · Reputation: 1240
#4Aug 26, 2021, 08:38 AM
It has to do with buy order and sell order. I believe you created $100 sell order for Litecoin that at that time did not full match one buy order that is why it required a second buy order to complete your transaction, what's actually the big deal?
This are situations not only on Coinbase that requires order to be completed after two or more transactions. It's not always like this and it's not that the whole situation wasn't transparent, and mind you this has nothing to do with whale and same thing can also happen with $50 Litecoin but the case of this happening decreases as you deal with more popular coins than Litecoin.
Then and now are entirely different thing. Coin base have remodeled their plans and settings, one just need to go through the terms and conditions thoroughly before he can have an idea about what's going on in Coin base. I don't have much to contribute because I don't use Coin base to trade, rather I'm sticking to binance since its one of the very best crypto exchange in the world. OP, you talked something about coinbase splitting your limit sell order into two? Do you understand what particular order you've trigger.
mark_whaleSenior Member
Posts: 238 · Reputation: 968
#6Aug 27, 2021, 10:06 PM
The worst thing that happened to you is to probably join a signature campaign. Your CM was so lenient on picking you up despite the neutral tags you have, but it looks like your demons won't stop exposing you.
Why are you trying to beat a dead horse with useless lines of text?
It's how all exchanges work on default bro, even Binance does this Like first post said, if you don't want it to break up, use the all or none option The amount of nonsense from traders now, the snowflake problem is affecting everyone it seems even in crypto
As far as i know if you make a position with the limit order with your coins and then the trades doesn't fulfill the amount it makes a partition of your money, which is the partial transaction and the other half will be pending if someones make quick buy on this is how does the strategic way of the traders with the use of the limit order or else use the Market feature which is sell or buy with the current market price most of that there's a more liquidation if the pair coins are active in the market.
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