Introducing a new Function for Making Limit Orders more convenient

BTCBOX’s “Batch Order” function allows you to submit multiple limit orders at once, with the same price difference and same quantity, “within a set price and quantity range”.

Batch Order Merits
  • In this volatile market, you can spread out your orders to trade in multiple ways.
  • Even in case execution is slow, you can execute a trade at a certain volume and price.

How to execute Batch Orders

Log in to the PC version of BTCBOX’s homepage and select “Batch Sell” or “Batch Buy” from our exchange site.

Example : When placing a Sell order for 0.5 BTCB at 5 different prices in the range of 990,000 Yen to 1,000,000 Yen

Place a Sell order of 0.5 BTC at 5 different prices (0.1BTC each) as the following

Order PriceOrder Quantity (BTC)
   990,000 JPY0.1
   992,500 JPY0.1
   995,000 JPY0.1
   997,500 JPY0.1
1,000,000 JPY0.1

In the “Batch Sell” form, enter as the below.

  • Order Price: 999900 – 1000000
  • Order Amount: 0.5 
  • Number of Orders: 5

If you enter “Number of orders: 5” and click the Sell button, you will place 5 Sell orders at once.

Example : When placing a Buy order for 0.5 BTCB at 5 different prices in the range of 990,000 Yen to 1,000,000 Yen

Order PriceOrder Quantity (BTC)
1,000,000 JPY0.1
   997,500 JPY0.1
   995,000 JPY0.1
   992,500 JPY0.1
   990,000 JPY0.1

In the “Batch Buy” form,enter as below.

  • Order Price: 1000000 – 990000
  • Order Amount: 0.5 
  • Number of Orders: 5

Lastly, click on the Buy button, and you will place 5 Buy orders at once

Batch Order Rules

  • An order cannot be placed in case the order volume at each price (total order volume / number of orders) is less than the minimum trading unit (0.001).
  • The number of orders can be set from 2 to 100. (Cancellation of each order can be done from the transaction details.
  • The Batch order function can only be used 1 time in an hour
  • It is not permitted to place a Sell order at a price lower than 80% of the latest market price, or to place Buy order at a price higher than 120% of the latest market price 
  • Sell orders at each price will be executed starting from the lowest price. Under regular circumstances, Sell orders in the range set lower than the latest market price will be executed immediately.
  • Sell orders in the range set higher than the latest market price will not be executed until a Buy order is placed for it, and that either may take a long time to finalize or not be executed.

Example of Price difference and Volume

Price difference of each order rate = (Highest price in order range – lowest price) / (Number or order – 1)

Example: Sell order when the latest market price of Bitcoin is 1 million Yen

1. 「Order price range: 1,000,000 – 1,010,000 」「 Total Order volume: 0.6」「Number of Order: 6 」

  • The price difference between each order is 2000 yen (1,000,000, 1,002,000……1,008,000, 1,010,000)
  • Volume for each order is 0.6/6 = 0.1 BTC

2.「Order price range: 990,000 – 700,000」「 Total order volume: 0.5」「Number of order: 5」

  • This cannot be executed because 700,000 yen/BTC is lower than 80% of the latest market price.

3.「Order price range: 980,000 – 1,020,000」「Total order volume; 0.5」「Number of order; 5」

  • 98 ~ 1,000,000 yen orders will be executed immediately (under regular circumstances)
  • An order between 1,000,000 yen and 1,020,000 yen will take some time to be executed (they may remain unexecuted until a Buy order is placed at the corresponding price).