Topic: Multiple buy orders without blocking the amount on Binance (Read 114 times)
A pixel bot should do the job
Does anyone knows a way (using a bot perhaps) that I can set multiple buy orders, without blocking my balance?
The use case is:
- I have x amount of money
- I would like to buy ANY of the 10 coins for all my money, if the price drops a certain % from the current price.
I know you cannot do it on Binance directly. Any bot or service that can do that?
If your coins are not locked, as a seller, how the buyer will receive the amount of coin he/she buy from you?The use case is:
- I have x amount of money
- I would like to buy ANY of the 10 coins for all my money, if the price drops a certain % from the current price.
I know you cannot do it on Binance directly. Any bot or service that can do that?
Exchange must lock your coin when you set a sell or buy orders and when you open your leverage trades. To make sure that exchange will get your coins and you don't use 0 balance to trade, they must lock your coins in Cross or Isolated margin account, then you can use those amount with leverages and trade.
Your second question: If you use 1 BTC to buy 10 coins with the total fund is 1 BTC for each coin, it means the total values of your total 10 buy orders are 10 BTC. Have and use 1 but want to buy 10, it is not acceptable with Spot trading. With leverage trading, you can with 10x leverage but Spot or Leverage, your initial 1 BTC must be locked.
Does anyone knows a way (using a bot perhaps) that I can set multiple buy orders, without blocking my balance?
The use case is:
- I have x amount of money
- I would like to buy ANY of the 10 coins for all my money, if the price drops a certain % from the current price.
I know you cannot do it on Binance directly. Any bot or service that can do that?
If your coins are not locked, as a seller, how the buyer will receive the amount of coin he/she buy from you?The use case is:
- I have x amount of money
- I would like to buy ANY of the 10 coins for all my money, if the price drops a certain % from the current price.
I know you cannot do it on Binance directly. Any bot or service that can do that?
Exchange must lock your coin when you set a sell or buy orders and when you open your leverage trades. To make sure that exchange will get your coins and you don't use 0 balance to trade, they must lock your coins in Cross or Isolated margin account, then you can use those amount with leverages and trade.
Your second question: If you use 1 BTC to buy 10 coins with the total fund is 1 BTC for each coin, it means the total values of your total 10 buy orders are 10 BTC. Have and use 1 but want to buy 10, it is not acceptable with Spot trading. With leverage trading, you can with 10x leverage but Spot or Leverage, your initial 1 BTC must be locked.
I think it you can't do that, because it is impossible to place two orders with your all money.
Does anyone knows a way (using a bot perhaps) that I can set multiple buy orders, without blocking my balance?
The use case is:
- I have x amount of money
- I would like to buy ANY of the 10 coins for all my money, if the price drops a certain % from the current price.
I know you cannot do it on Binance directly. Any bot or service that can do that?
The use case is:
- I have x amount of money
- I would like to buy ANY of the 10 coins for all my money, if the price drops a certain % from the current price.
I know you cannot do it on Binance directly. Any bot or service that can do that?
Jump to: