Cash account
Posted by Olga P, Last modified by Olga P on 10 March 2017 09:32 AM

Cash accounts are used for exchange operations on xBTCe Exchange Platform. This type of account is not designed for margin trading, for this reason such parameters as account currency and leverage are not set. A Customer may deposit funds to a Cash account which will subsequently be used as Assets. An Asset is a parameter used to determine the volume of FIAT or Crypto currency owned by the Customer.

Only Market and Limit orders can be placed on Cash accounts. Limit orders allow traders to buy or sell an Asset at a specified price or better.

When performing trade operations on xBTCe Exchange Platform, a physical exchange of one currency for another takes place, i.e. one Asset is exchanged for another at the currently available exchange rate. All transactions are carried out in the following manner: Asset X is exchanged for Asset Y at the exchange rate X/Y available in the terminal at the time of transaction. As the result, the values of balances expressed in Assets X and Y in the Customer’s Exchange account change. The values of Assets on Cash accounts are recalculated after each exchange transaction or a balance operation.

The full amount of Asset intended for exchange will be reserved to ensure a Pending order execution, as opposed to Margin accounts, where only part of funds will be freezed due to leverage.

You may simultaneously trade on multiple Cash accounts.

Please note that you are unable to withdraw funds directly from a Cash account. Funds withdrawals are only available through eWallet – the main control tool in xBTCe personal area to manage your funds and trading accounts with xBTCe.

 Cash
Trading platform xBTCe Exchange Platform: Web Terminal and mobile terminal
API trading available Yes: FIX, WebREST, WebSockets
Financial instruments Crypto pairs (BTCEUR, BTCRUB, BTCUSD, BTCCNH, BTCJPY, LTCBTC, LTCEUR, LTCRUB, LTCUSD, LTCCNH, LTCJPY, NMCBTC, NMCUSD, PPCBTC, PPCUSD, ETHUSD, ETHRUB, ETHEUR, ETHBTC, ETHCNH, ETHJPY, DSHBTC, EMCUSD, EMCBTC, ETHEUR, DSHUSD, DSHCNH, BTCGBP)
Execution Market
Market depth The 100 best BID and ASK prices with available volumes.
Taker fee 0.2 %
Maker fee 0.1 %
Minimum deposit None
Maximum balance Not limited
Trading time 24/7
Scalping Yes
Hedging Yes
News Trading Yes
Contract specifications
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