Our team is working on the matching engine that provides a highly accurate opening, closing, and matching of the orders. Matching the orders of buyers and sellers is the essential work of authorities and market producers in the exchanges. The matches happen when perfect purchase orders and sell orders for similar security are submitted in the nearness of cost and time. For the most part, a purchase request and a sell request are perfect if the greatest cost of the purchase request coordinates or surpasses the base cost of the sell request. From that point, the modernized, request matching frameworks of various exchanges utilize an assortment of techniques to organize orders for matching.
All cryptocurrency traders have an opportunity to use different charts, such as Original, Trading, and Depth view, according to their level of experience. If you are familiar with charts and know how to use – choose it from the list and enjoy the trading process on our exchange.
Type of Orders
Binaryx offers all necessary features that require traders to get the best-in-class user experience with the following features:
- A market order instructs the brokerage to complete the order at the next available price. Market orders have no specific price and are generally always executed unless there is no trading liquidity. Market orders are typically used if the trader wants in or out of a trade quickly and is not concerned about the price they get.
- A limit buy order instructs the brokerage to buy a security at or below a specified price. Limit orders ensure that a buyer pays only a specific price to purchase a security. Limit orders can remain in effect until they are executed, expire, or are canceled.
- A limit sell order instructs the broker to sell the asset at a price that is above the current price. For long positions, this order type is used to take profits when the price has moved higher after buying.
- A sell stop order instructs the brokerage to sell if an asset reaches a specified price below the current price.
Being highly engaged in the crypto space, we are looking to support and add many pairs, including cryptocurrency pairs, fiat pairs, while other options will be added upon the discussions with our early users.
Cryptocurrencies that we support
All cryptocurrency traders can trade Bitcoin, Ethereum, Litecoin, EOS, XRP, Bitcoin Cash, EOS, Dash, Tether, and many more using our exchange.
Deposit and withdrawal
Once you visit a deposit page, you will be able to select which coin you wish to deposit. Binaryx supports the deposit of over 50 cryptocurrencies. However, it’s important to note that sometimes deposits will be unavailable for certain cryptocurrencies if the wallet is undergoing maintenance. The coin selection is on the left side of the screen, and the deposit details will be displayed on the right side.
Once you visit a withdrawal page, you will be able to select which coin you wish to withdraw. The coin selection is on the left side of the screen, and the withdraw details will be displayed on the right side. It’s important to note that sometimes withdrawals will be unavailable for certain cryptocurrencies if the wallet is undergoing maintenance.