Ethereum: Does cancelling an order in BTC-E carry a fee?

Ethereum: Does the cancellation of the order from BTC-E have a fee?

The Bitcoin-E (BTC-E) Exchange is a popular platform for buying and selling Bitcoin, Ethereum and other cryptocurrencies. One of the most important features of BTC-E is the fee system that can vary depending on the type of transaction. In this article we will examine when we cancel the order in BTC-E, a fee and how much you calculate.

Types of orders

Before we immerse yourself in fees, let us first understand different types of orders that can be given up on BTC-E:

• placed, but 0% completed : This means that the buyer plays an order for buying a certain amount of bitcoins or Ethereum, but the seller does not yet fulfill the contract.

• placed, but partially completed : In this case, the buyer plays an order for the purchase of a certain amount of bitcoins or Ethereum, and some of them are fulfilled. However, not everything is completely solved.

Fees for canceled orders

Now let’s speak about fees in connection with the cancellation of orders for BTC-E:

* placed but 0% completed : After the order has been abandoned, but it is canceled before it is completely dissolved (partially or completely), calculate
0.2% of the fee

In the case of transactions .

+ If you, for example, place an order for 100 US dollars in bitcoins without the remaining remaining amount, you will receive 2 USD (100 x 0.02) fees.

* placed, but partially completed : After the order has been stopped, which is still partially fulfilled (i.e. part of the settlement is underway), calculate
25 USD for the transaction.

+ If you have set an order for $ 50 in Bitcoin with only 20%, you will be charged for 5 USD (50 x 0.05).

Important notes

• These fees apply to all types of orders of BTC-E, regardless of whether they are canceled or not.

• A fee of $ 25 applies to partially completed orders that must be settled.

• There is no fee for canceling the order if you want it to be returned completely.

In summary, the cancellation of the order on BTC-E has a fee. Although the fees themselves may appear high, it can help to understand how they work to make decisions regarding trade strategies and budgeting. Happy trade!