Adding lower dollar amounts of multiple coins


#1

Hi,

I fully support the minimum order of $100 orders, but would like to see this minimum order of $100 being allowed to be made up of smaller amounts.

I.e. - $70 of BTC, $32 worth of NANO.

Is this something which is able to be implemented in the near future?


#2

That’s an awesome idea!


#3

Great suggestion Jason!

The problem is that the smaller the order gets, the larger the network transaction fee becomes compared to the size of the order.

For example, right now a Bitcoin transaction has a network fee of 0.0002 BTC, or $1.00 NZD, regardless of the size of that transaction.

In a $1000 order, that fee is 0.1% - effectively immaterial.

In a $100 order, that fee is 1.0% of the order. Not the best, but not terrible.

In a $10 order, that fee is 10% of the order!

So while we can easily sell less than $100 minimum, we’re concerned that people will be unhappy with such a large percentage of their order going to the network transaction fees.


#4

What about other coins that have really low fees like Dash does? The current fees on that network are less than $0.001 for most transactions. The block size is planned to keep increasing to meet demand, and keep the fees low/


#5

And also NANO which is feeless and i buy quite a bit of…


#6

That’s a great suggestion! We could absolutely lower the order size for those coins - I’ll do it ASAP


#7

I like that the limits to sell back are very low I’ve found it useful to be able to sell small amounts if I need to