BITBON/USD
In accordance with the Bitbon System Roadmap, Bit Trade imposes specific buy and sell conditions in the period of increase in Bitbon liquidity to exclude possible price manipulations
Minimum account balance in Bitbon
1 Bitbon accounting unit
Minimum account balance in USD
1 USD
Maximum account balance in Bitbon
Not limited
Maximum account balance in USD
100, 000 USD
Balance above the specified amount must be agreed with the Company
Price variation of a sell order to be placed below the maximum price within 72 hours*
5%
Maximum number of open Bitbon buy and sell positions in a Trading Account
5 orders
No more than 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
100 Bitbon accounting units
Commission for Bitbon purchase
0.5% of the payment amount in USD, but not less than 0.1 USD
Commission* for Bitbon sale
Commission for the Bitbon sale is calculated by the exponential formula:

where Px is the sale price;
K0 is the minimum commission

Fixed minimum commission of 0.5% is established for selling Bitbons at the price of 55 USD and above
Minimum commission for Bitbon sale
0.5% of the sale amount, commission is charged in USD
Commission for selling Bitbons received as remuneration for mining
0.5% of the sale amount, commission is charged in USD
Leverage*
Not available
According to the results of trading operations, fiat money and digital assets are exchanged based on the ratio 1:1
Order matching algorithm
FIFO (First In First Out) is an algorithm for matching orders under the principle “first in, first out”. In the process of matching incoming orders, a Limit order placed in the order book first is processed before other orders at the same price level.

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

* Maximum price is the highest price of a transaction executed using a certain trading instrument over a 72-hour period.

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

* Limit order is a buy or a sell order placed in the order book for a certain trading instrument at the price defined by a Customer.

If a 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.