What is Iceberg Order?
"Iceberg order" is a type of order in which only a portion of the total order amount is displayed on the order book. Similar to an iceberg on the ocean, only a small part is visible above the water while most of it remains hidden below. With this method, you can display only a "visible amount" on the order book, while the hidden portion remains invisible to other traders.
How does Iceberg Order Work?
- Display Amount : This is the amount that you want to show on the order book, where other traders can only see this portion.
- Total Amount : This is the total amount you actually want to trade, including both the visible and hidden amount. Although the total amount is executed as a single order, the hidden portion will not be displayed on the order book.
Why do I Choose Iceberg Order?
- Keep Your Trade Private : By hiding the full volume of your order, you prevent others from seeing how large it actually is, which can stop them from adjusting their strategies based on your order.
- Reduce Market Impact : Showing only a small part of your order helps avoiding sharp price fluctuations.
How to Use Iceberg Order?
- Log in to your account : Go to your trading account and make sure there are enough funds in the account.
- Select Trading Pairs : Select the trading pair you want to trade with.
- Proceed iceberg order via App
- In the Spot/Cross/Isolated order section, tap the [Advanced] option, and tap [Iceberg].
- Input the total amount and the display amount. (The visible amount of Iceberg)
- Set the price and other required parameters, such as validity period and etc.
- Please check your order information carefully before submitting the order.
- Proceed iceberg order via Website
- In the Spot/Cross/Isolated order section, click [Iceberg].
- Enter the total amount and the display amount. (The visible amount of Iceberg)
- Set the price and other required parameters, such as validity period and etc.
- Please check your order information carefully before submitting the order.
Notice
- Market Fluctuation : In highly volatile market conditions, price or parameter adjustment may be required for the unfilled portion to ensure order execution.
- Trading fee : The trading fee of the hidden part of the iceberg will be charged according to the taker fee.
