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Board Beginners & Help
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EUR->BTC order executed as EUR->USD->BTC?
by
bitboy999
on 22/07/2011, 10:37:25 UTC
Hi,

I've got a question because I'm wondering if it's better to fund my exchange account with EUR or USD.

So, suppose I fund my account with EUR, and create a 'buy' order, e.g 'I'll buy 10BTC at 12EUR/BTC'.

Do I have to wait for a 'sell BTC at 12EUR/BTC' order to appear, or if there is a 'sell BTC at 16USD/BTC' order, my 'buy' order will get executed and EUR exchanged to USD so that the seller gets paid in USD?

If this is not the case, and I'd have to wait for a 'sell BTC for EUR' order, this would decrease the probability of me buying, because there would be much less 'sell for EUR' offers that 'sell for USD'?

Thanks in advance for any insight on this.

Bitboy9999