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Topic: Has anyone traded btc on 796 exchange? (Read 333 times)

hero member
Activity: 518
Merit: 500
November 30, 2015, 08:43:05 AM
#3
i found this review :
So recently I created an account at chinese future exchange 796.com. I don't have any large amounts of Bitcoin there - I was only interested in future markets and wanted to give it a try.

It seems like they changed their API without any customer notice. A few days ago a ClosedBuy Order was the closure of a Long position (i.e. a sell order). Now it seems to be the closure of a Short position (i.e. a buy order).

http://imgur.com/C3pGH9Z

I swear to god it was the other way around a few days back.

If I want to close my Long Position I still have to submit the close_buy request.

https://796.com/wiki/futures.html?type=weeklyfutures&api=close_buy

2nd thing I noticed is that their API is giving weird net-assets & total-btc balance returns (+- ~4BTC jumps all the time in my case) even if i have no open order at all. Be careful!
hero member
Activity: 756
Merit: 500
November 29, 2015, 10:38:02 PM
#2
they have very high lvg, 200x i beleieve,
it is ok, not very liquid
you can keep trades open one week i beleive for futures
member
Activity: 88
Merit: 10
November 29, 2015, 04:03:33 PM
#1
1. How are the trading fees there?

2. Can you keep your trades open for as long as you want without penalty?

3. What's the max leverage you can use?
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