Re: Bittrex question and general trading question

Quote from: arallmuus on March 18, 2015, 12:40:44 PM

Quote from: TeamDisaster on March 18, 2015, 11:58:39 AM

I can't seem to find a direct answer to this on Bittrex's fax or via general search - when you place a trade order on Bittrex, is the fee applied at time of placing order, or only on completion of order? (Basically, do you get charged the fee if the order is subsequently cancelled?)

Also, regarding the fluctuation of Altcoin values, I have not yet convinced myself whether the amount available significantly affects the price of the coin. For example, 100K available, 50K withdrawn from sale (not sold, just withdrawn from sale) - is that likely to push the price up a little, or have no significant effect? I'm pretty new to all this and obviously you'd think the normal rules of supply:demand apply to some extent, I'm just not sure to quite what effect.

(I'm hoping these questions aren't too dumb... )

no exchange going to charge you for placing order, the fee will get counted only after your order is executed

Example

you place a 1 btc order

your 1 btc will be deducted with the 0.25% after your order get executed

If your entire 1 btc got executed, then the fee will be 0.25%*1 btc = 0.0025 deducted

if only 0.5 btc got executed , then the fee will be 0.25% * 0.5 btc = 0.00125 deducted and the rest of the 0.5 will still be there and not deducted before it got executed

I know its long time after but times are changing and greed is exploding on the exchange marketplace. I have just encountered an exchange that charges the commission fee even if you cancel the order..... graviex.net Its a new exhange. And this is what I found on the site:

Fees
Markets trade fee is equals 0.2% of the order amount. Fee amount is deducted from the order in the order currency. The fee is charged when the order is executed. In case of cancellation of the order before its execution, the commission is not written off.