Quickbot is a special system of algorithms developed by our Company’s specialists, which allows you quickly and conveniently purchase and sell Bitbons in automatic mode at the best price available at the time of order creation. Software algorithms of Quickbot allow monitoring Bit Trade trading and managing the pool of orders with a possible change towards a better price available on the order board at a particular moment.

In what case is a Quickbot order created?

You can use the Quickbot service if your order for the quick Bitbon purchase has not been executed or has been executed partially. Such situation may occur if there are no counteroffers for sale in the price range of +10% of the best bid price, or the number of Bitbon accounting units offered by other Users for sale and available on the order board in this price range is not sufficient to fulfill your request to the full extent. In this case, you will be asked to place a Quickbot order to purchase the remaining number of Bitbons. Please note that a Quickbot order can be created exclusively with your consent.

In what amount is a Quickbot order for the Bitbon purchase executed?

An order for the Bitbon purchase via the Quickbot service is created in the amount remaining after the quick purchase. However, the Bitbon purchase using a Quickbot order can be made in several parts depending on the available number of Bitbon accounting units offered for sale on the order board.

At what price is a Quickbot order for the Bitbon purchase executed?

A Quickbot order for the Bitbon purchase is executed at the best price available at a particular moment taking into account Quickbot buy orders created by other Users. The task of Quickbot is to automatically change all Quickbot order prices on the order board towards the price of the last transaction executed on Bit Trade. The Quickbot algorithm analyzes only executed transactions. Orders on the order board do not influence the Quickbot functioning. If the price at which the last transaction was executed is higher than the price of an order placed through Quickbot, the Quickbot algorithm starts changing orders towards the prices of transactions that Bit Trade Customers execute. While previous Quickbot orders are executed on the order board, all subsequent orders are executed as well forming the current price of Bitbon. Thus, the current Bitbon price equals to the price of the last executed order on Bit Trade.

What will happen to my open Quickbot order if the Bitbon price changes?

If the Bitbon price changes, your purchase will still be executed at the price, which is the best at the time of order execution; however, while an open Quickbot order is executed, the number of purchased Bitbon accounting units can change due to the change in the Bitbon price. You can find up-to-date information about your order executed via the Quickbot service on the “Quickbot Orders” page.

What will happen to my Quickbot order if I make a partial Bitbon purchase?

If you make a partial purchase, the number of Bitbons purchased using a Quickbot order will be credited to your Assetbox. The amount of funds remaining from the total amount of the Quickbot order will be in this order until its execution.

Can I change the parameters of an open Quickbot order or cancel its execution?

Unfortunately, it is impossible to change the parameters of an open Quickbot order. However, you can stop its execution by clicking on the relevant button on the “Quickbot Orders” page. The unused funds in a selected currency of the order will be returned to your Main Balance, and Bitbons purchased through this order will remain in your Assetbox. Please note that you cannot restore a canceled order, but you can create the new one to purchase Bitbons.

How can I monitor the process of Bitbon purchase using a Quickbot order?

After you create a Quickbot order, a new “Quickbot Orders” page will become available in the “Buy Bitbon” section. This page will display in real-time mode detailed information about execution of your orders and record the history of all your purchase orders executed via the Quickbot service.