I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??
Can anyone explain?
Many exchange use bots to show more volume. Seeing this volume, those who go to trade on their exchange, they understand that these volumes are fake. Like you, I have once experienced trading on an exchange. Every time I ordered a sell order on that exchange, the bot had to buy coins at a lower price than me. The most interesting thing was that the orders were being bought before they came in the order book! I was surprised to see their fake buy /sell.