Warning: We do not recommend trading without a full understanding of how digital asset trading platforms and trading orders work. Below is our article explaining how the buying and selling transactions take place. 

How Is the Price Of Cryptocurrencies Formed?

 DyorEX brings you together with buyers and sellers about cryptocurrency investment. Buy-sell orders on the platform belong to the users. Therefore, the change in the price of a cryptocurrency is shaped by the current supply/demand balance. If the buy/sell orders of the users are mutually matched, the instant price is formed and reflected. Apart from this, DyorEX has no effect on pricing in any way. The current price, which is created together with the buy/sell orders on the platform, is formed automatically.

Buy/Sell Orders and Matching

 The price sales in the Markets tab show the buy-sell orders. If we give an example over BTC.

0.1852 BTC sales orders were given at 87980.19 TL, and he created a position in the same list as a "maker", that is, on the bidder. When another user or users place a buy order (take) at this 87980,19 TL, these orders are matched and when the current price reaches this level, buying and selling takes place. There is no requirement to have the same BTC number, so there may be 0.1852 sales on the maker side, while there may be 0.1529 on the taker side. In such a case, 0.1529 units are bought and sold, and the remaining units remain open in the price list. When this price balance is realized, BTC numbers are deducted from the seller side and added to the buyer side.

The position remains open until 0.0324 BTC of the user in the seller position meets the buyer or the order is cancelled. If you want to cancel this order manually, you can see the open orders in the "Buy and Sell" tab. From there, simply click the "Cancel Order" button. In this way, your open order will be cancelled.

Here, if some of the orders you have placed in the sell or buy part have been fulfilled, this will be reflected in your balance and when you cancel, the remaining part will be cancelled. If your order has never worked, that is, if no trade is made, your entire order will be canceled, and your balance will remain the same.

Multiple users can enter the same order from the same order in the order book. The priority here is the users whose order entry time is earlier. Therefore, when a purchase order is placed at the specified price, the sales priority belongs to the user who placed the first sale order at that price.

You can see all the orders you have placed so far in the All My Orders tab under the Buy and Sell category.

The Current Price Has Come To The Price I Specified But My Transaction Has Not Been Realized

 The current price only shows the price at which the last-minute buy-sell transaction took place.

Based on the example we gave above; a user can place a buy order of 0.001 BTC. In this case, since the most recent transaction will be realized at 87980,19 TL, it will appear as the current price. However, since the user who placed a buy order cannot cover the size of your position, he cannot meet it and your order will not be fulfilled, until it is met.

 My Buy/Sell Order Did Not Execute

If your buy or sell order does not meet the price you specified, your order will continue as an Open Order. We have mentioned in detail above why it did not find a response. For your transaction to take place, another user must meet your bid at the price you requested. Otherwise, your order will remain open in the Open Orders tab. 

Here you can see buy and sell orders for BTC. In the first line, there are 0.00423 BTC purchase offers from 487835 TL. When you want to sell the BTCs you have, you can find buyers more quickly by choosing a direct order from the order book.

When you want to trade quickly, orders in the Buy Sell category are also an advantage for you. You can place a buy or sell order at that price by clicking on the offers directly from here.

One of the important points at this point is this: The user or users who made the offer in return for your order can cancel their orders in a short time from the moment you place an order until the moment your transaction is executed.

Here, you can follow your orders in the My Open Orders section, which we mentioned above, for the parts of your transaction that are not executed.

Where Can I View My Balance? When you open the DyorEX platform, you can view your balance in the upper left corner. As an extra, you can view the details of your balance in the Wallet category at the bottom right to view in detail. 

In the Wallet category, there are two tabs, My Cash Assets and My Crypto Assets. Below these, you can view the crypto assets you own or see your holdings in cash.

When you place a buy order, the total amount of the order you place is automatically deducted from your TL balance and becomes passive. Likewise, when you place a crypto money sale order, the amount of crypto money subject to the order is deducted from your crypto money balance and becomes passive. When you cancel your unfulfilled and pending orders, the relevant amount and amounts are reflected to your balance and become active again.

DyorEX is a digital asset trading platform where buyers and sellers meet on a single platform and can safely continue their crypto money investments.

Buying and selling transactions in DyorEX are completely owned by the users. The prices of cryptocurrencies are determined by the purchases and sales of the users. Momentary changes here are shaped by orders and supply/demand balance. Buying, selling and trading savings on the balances of the users belong to them.

Each platform has its own internal dynamics, different parameters such as user base, trading volume, number of pending orders. The speed and content of local/global news and developments in the highly volatile cryptocurrency market may differ between user groups trading on different platforms. This can lead to inherent price differences between platforms. Sudden changes in the exchange rate will also affect the formation of prices in our country.

You can examine the price differences between many different platforms on websites such as Coinmarketcap, Coingecko, and this is normal.

Your orders can be executed at once or in parts (partial). The reason for this is that the amount in your offer and the position size of the counter user are insufficient.

Here, when the order you place as a priority buy or sell reaches the price you ordered, the orders of these users will take place as priority since the users who placed orders before you entered the order earlier in time.

When it is your turn to trade, if your order is met by the counter user/users, your order will be executed. The commission rate is provided proportionally, there is no commission deduction per transaction.

For example, when you place an order for the sale of 0.001 BTC, this order can be responded to by a single user, and it can be responded to by 5 users. The commission cut here is evaluated over 0.001 BTC.

DyorEX is a digital asset trading platform where buyers and sellers meet on a single platform and can safely continue their crypto money investments.

Buying and selling transactions in DyorEX are completely owned by the users. The prices of cryptocurrencies are determined by the purchases and sales of the users. Momentary changes here are shaped by orders and supply/demand balance. Buying, selling, and trading savings on the balances of the users belong to them.

In general, the price of a commodity that is above the market decreases the price only in the period of very cheap sales. It does not provide any benefit for the platform to perform transactions contrary to the current prices on different platforms.

To lower the price of a rising crypto asset, it is necessary to sell at cheap prices, to keep it high, it is necessary to buy at an expensive price. Earned profit is only the commission fee during the transaction. Other than that, no profit can be made.

Orders pending as open positions in the order book do not affect the price. However, when these orders are executed, they are effective on the price balance when there is a buy-sell situation.

Each platform has its own internal dynamics, different parameters such as user base, trading volume, number of pending orders.

The speed and content of local/global news and developments in the highly volatile cryptocurrency market may differ between user groups trading on different platforms. This can lead to inherent price differences between platforms. Sudden changes in the exchange rate will also affect the formation of prices in our country.

You can examine the price differences between many different platforms from websites such as Coinmarketcap, Coingecko, and this is very normal.

It is the type of order you plan to buy or sell. It is the normal transaction type where you enter the price and amount as an order. 

In the first image above, Limit Order is selected, and the trading screen is started. Then, the user who wants to buy BTC will create a purchase order for the user who places 0.02642 BTC sales orders at 488323,0 TL from the order book on the right, as in the 2nd image. If this price is provided, mutual trading will take place. After entering the price and quantity information, when the Buy BTC button is pressed, an order will be entered on the board at the maker position.

For the sell order, 0.00423 BTC order from 487835 TL in the buy book is the highest buy offer for the current market. If this order is clicked and a BTC Sell order is placed, when the current price reaches that level, trading will take place until the position is sufficient. Here, the user who placed a BTC sell order is in the taker position.

The Market order is the fastest executed order type. Regardless of the price of the crypto currency, you can do this with a market order in which amount you want to buy or sell at that moment. By matching the orders on the board, you can trade until the amounts you demand are balanced. Since you will be trading regardless of the risky side of this order, you can buy at a high price and sell at a low price. Therefore, it is useful to use it carefully.

As a buying example:

When you want to buy 100,000 TL of BTC with a Market order, your purchase will take place until you reach the amount of BTC you want to buy in the order book of the sellers. The purchase prices are in order as an example:

467159 TL

467146 TL

You can buy BTC for 100.000 TL at all prices such as 467097 TL.

 - Depending on the amount of BTC you want to buy, a match is started against the lowest bid in the sellers section.

-Since these transactions will be very fast, your instant orders are close to the values on the platform and are estimated values.

As a sales example:

When you want to sell 0.22 BTC with a Market order, the sales process takes place at all prices until 0.22 BTC is sold in the order book with the buyers on the screen.

For example:

466075 TL

465883 TL

Your 0.22 BTC sales transaction will take place at all prices such as 465872 TL.

 -Depending on the amount of BTC you want to sell, your sales transaction is executed with the highest buyer offer shown in the order book.

-Since these transactions will be very fast, your instant orders are close to the values on the platform and are estimated values.

Market Maker Orders (Maker): It is the type of order that creates an offer on the trading board.

Market Taker Orders (Taker): It is the type of order that accepts the offer on the trading board.

The lines displayed on the order table change instantaneously quickly. For this reason, the evaluation of maker-taker orders on the platform may differ.

Commission rates: Commission rates are determined according to the trading volume of the last 30 days. Daily volume calculation is made automatically by the system at 00:00 every day.

A conditional order, also known as a stop-loss, is an order type that is activated when the conditions determined for prices are met.

You can use the Stop Limit order only for buy orders above the current market value or for sell orders below the market value..

 The order logic here is for buying (Example BTC), if it goes above this price, create a buy order for this price at that price.

Let's create a buy order as an example: 

 If BTC goes above 490000 TL, give a 0.22 BTC purchase order from 492000 TL.

The steps will be as follows:

-Switch to AL Tab

-490000 TL for the trigger part

-492000 TL for the price part

- 0.22 to the quantity part

 In this way, you can create a buy order with a stop limit.

Likewise, let's do an example to create a sales order.

If BTC falls below 480000 TL, let's order 0.22 BTC to sell at 478000 TL.

The steps will be as follows:

-Switch to SAT tab

-Trigger part 480000 TL

-478000 TL for the price part

- 0.22 to the quantity part

 In this way, you can create a sell order with a stop limit.

Although the price touches your condition price, the market may move in the opposite direction again before it's your turn. In such cases, although the condition may seem to have occurred for a moment, your order may not be fulfilled because the price turns in the opposite direction before it is your turn.

Leaving some margin between the condition TL price and the order TL price increases the probability of your order being executed.

A certain commission fee is charged for each purchase and sale transaction.

Commission: It is collected in TL in purchase and sale transactions. Our buying and selling commission rates are initially calculated using the coefficients of 0.20% and 0.30%.

Commission rates are determined according to your transaction volume for the last 30 days and your volume decreases to 0.02%.

If we give an example of a process

You gave the order with 1000 TL, and it was directly matched with the counter order in the market, your buying-selling transaction was completed. In this case, you are a Taker and pay 0.30% commission. A commission fee of 3 TL will be deducted from you.

If there is no order in the market that meets your sale, your order will queue for sale and when it is matched with another user's order, you pay a commission of 2 TL (Maker).

You can access the details of your buying and selling transactions from the All My Orders tab under the Buy and Sell page.

The Commission Table is as follows: