CoinDCX

Advanced order types – Trailing Stop Loss and Stop Limit live on CoinDCX Pro

We have added advanced order types – Trailing Stop Loss and Stop Limit to CoinDCX Pro. Read to understand how to get started with these order types and book profits with more efficiency. 

Trailing Stop Loss

A Trailing Stop Order provides flexibility over Stop Loss Orders. A Stop Loss order protects the trader when market goes against their prediction, a Trailing Stop allows the trader to take advantage of market movement by executing Stop Loss at a price distance. This helps in protecting profits with market dynamics. 

Let’s understand this better with an example:

If the trader is in a long position in the YOYO/BTC market, and entry price is 0.00000500 BTC. Trader sets up Trailing Stop Loss at 0.00000475 BTC. The percentage difference calculated by the exchange is exactly 5%. 

Now as the price of YOYO increases, the Stop Loss price increases. When YOYO/BTC is at 0.00000600 BTC, Stop Loss will be at 0.00000570, which is 5% below the market price. When the market price falls below 0.00000600 BTC, Stop Loss continues to remain at 0.00000570 and when it hits the Trailing Stop Loss price, the user books a profit of 0.00000070 BTC. 

Stop Limit 

A Stop-Limit order executes as a limit order within a specific price range (buy or sell limit price or better) and not as a market order. With a Stop-Limit, the trader sets a stop price at which the order is triggered and a Limit price at which the order is executed. The order executes only between the Stop and the Limit prices as long as matching bids or asks are available in the  order book. If the market price surpasses the Limit price, the order may not be entirely filled.

When the Stop price is hit, the Limit order is triggered and it starts reflecting in the order book. The order does not get triggered until the Stop price is hit. If the Stop price is hit, but the price doesn’t hit the Limit price, the order does not get executed. 

Let’s understand this better with an example:

Example: If a trader would like to buy BTC once the market price reaches $3800 , but not pay more than $3850, then a stop price of $3800 and limit price of $3850 will be specified at the same time using a stop-limit order. If the market price reaches $3800, the order is triggered and will match the best available asks up to $3850. If the market price moves to $3850.01 or above, then the order may go partially unfilled due to the limit price.

BNB Market on CoinDCX Pro

BNB has gained popularity recently and we have reported noticeable increase in trading volume for the BNB token. This motivated us to add BNB as a base pair on CoinDCX Pro. 

We have added 80+ tokens with BNB as the base pair. Start trading in these tokens here

Updating our Trading Fees

At CoinDCX Pro, it’s our mission to promote inclusivity in the cryptocurrency ecosystem. With that in mind, we have updated our spot trading fees for Binance and INR Markets.

 

Now you can trade at 0.1% in all tokens from Binance and all INR pairs. Our Margin Trading Fees continue to remain at 0.1%.

 

Check it out here.

Maintenance Completed (March ’19)

We have completed our maintenance upgrade ahead of time and will commence trading at 1:30 pm IST. Until then, all open deposits and withdrawals will be processed. 

We thank you for your patience, Happy Trading! 

Scheduled Maintenance Update (March ’19)

Deposits, withdrawals, and trading will be suspended for all assets trading on Binance Markets between 07:30 AM IST to 3:30 PM IST on the 12th of March 2019. Following the scheduled maintenance all pending deposits and withdrawals will be processed. 

 

We will make an official announcement once the upgrade is completed successfully.


Please note that all activities in INR (Trading, Deposits/Withdrawals) will remain unaffected throughout the day. Additionally, assets trading on HitBTC and Huobi markets will be functional.

If you have any queries related to our scheduled maintenance, kindly raise a support ticket. 

#PredictwithDCX Contest (Contest Closed)

 

To enter this competition and have a chance to win 10 TUSD

 

Retweet our Competition Announcement with the hashtag #predictwithDCX and your prediction for the price of 1 BTC will be on Wednesday the 6th of February 2019, at 12 noon. The user with the closest price prediction will have 10 TUSD deposited into their CoinDCX Pro account. 

 

Terms and Conditions:

  1. Users must retweet with their prediction 24 hours before the prediction time, i.e. 1200 hours IST on the 5th of February. Any retweets after this will NOT be counted.

 

  1. The Winning Price will be as per the price of 1 BTC on CoinMarketCap in USD, at exactly 1200 hours IST on the 6th of February.

 

  1. Multiple retweets from the same user will not be counted. Only the most recent prediction will count.

 

  1. Retweets with more than 1 prediction will result in an automatic disqualification of that retweet.

 

  1. Winner will be announced in the evening of the 6th of February 2019. 10 TUSD will be deposited to the winners’ CoinDCX Pro Wallet. 

 

If you have any further queries about the contest, Direct Message us on Twitter, and we will make sure your queries are resolved at the earliest. 

 

Thank you, and Good Luck!

 

 

BTT Airdrop for all TRX holders.

CoinDCX Pro is glad to announce that we will be fully supporting the upcoming BTT Airdrop for all TRX holders.

The BitTorrent Token Airdrop is scheduled for when the Tron Block-Height reaches 6.6 million (estimated for the 11th of February).

Deposit your TRX before February 11:

A snapshot of your wallet will be taken at 12:01 am (00:01) on the 11th of February. All those who hold TRX before this time will be eligible for the Airdrop.

Once a snapshot has been taken, based on the calculations below, your wallet will be credited with BTT, as soon as we receive the airdropped tokens.

Calculations:

1 TRX = 0.11 BTT  (this is at the present moment, there can be further updates to this ratio, by the BTT Team; as we move closer to the airdrop date)

If, for example, at the time of the snapshot you hold 100 TRX, your account will be credited with 11 BTT.

BTT received by User A = Amount of TRX held by User A at the time of snapshot / Total TRX held by CoinDCX Pro at the time of snapshot * Total BTT received by CoinDCX Pro based on total TRX holdings for the respective monthly airdrop.

Monthly Airdrop Program

The amount of BTT airdropped each month from 2019 to 2025 is as follows:

2019/03/11 – 2020/02/11: 990,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period.

2020/03/11 – 2021/02/11: 1,072,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period.

2021/03/11 – 2022/02/11: 1,155,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period.

2022/03/11 – 2023/02/11: 1,237,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period.

2023/03/11 – 2024/02/11: 1,320,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period.

2024/03/11 – 2025/02/11: 1,402,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period.

Please Note: Pending deposits and withdrawals of TRX, at the time of each snapshot, will not count towards your TRX balance. Please ensure you leave sufficient time for deposits and withdrawals to complete prior to the snapshot.