BITBON/USD
In accordance with theBitbon System White Paper, in the period of increase inBitbon liquidity, specific trading conditions will be in effect on the Bit Trade Exchange to exclude possible price manipulations
Minimum account balance inBitbons
1Bitbon
Minimum account balance in USD
1 USD
Maximum account balance inBitbons
Not limited
Maximum account balance in USD
1,000,000 USD
Balance above the specified amount should be agreed with the Company
Maximum number of open positions and set pending orders in the Trading Account
5 orders
5 orders within 6 hours
Minimum step of change in a transaction volume
0.1 of base currency
Minimum transaction volume
0.1 of base currency
Maximum volume of a Buy Limit order
Not limited
Maximum volume of a Sell Limit order
100Bitbons
Commission forBitbon purchase
0.25% of the payment amount in USD, not less than 0.1 USD
Commission is charged in USD
Commission* forBitbon sale
Commission for theBitbon sale is calculated by the exponential formula:

wherePxis the sale price;
K0is the minimum commission

Fixed minimum commission of 0.5% is established for theBitbon sale at the price of 55 USD and above
Minimum commission forBitbon sale
0.5% of the sale amount, commission is charged in USD
Leverage*
Not available
According to the results of trading operations, fiat and crypto currencies are exchanged based on the ratio 1:1
Order matching algorithm
FIFO (First In First Out) is an order matching algorithm, which operates according to the principle “first in, first out”. In the process of matching incoming orders, a Limit order placed in the order book first is processed earlier than other orders on the same price level.

* Commission is a service charge for each executed trading operation. The commission, calculated using the formula, is charged by the Bit Trade Exchange and distributed in favor of affiliate programs.

* Leverage is a ratio between the borrowed amount and the volume of a trading operation.

* Limit order is a Buy or Sell order of a trading instrument placed in the order book at the price set by the Customer.
If the Limit order is not executed within 90 days, it is automatically rejected by the system, and the Customer’s funds are returned to his/her Trading Account.