How does Coinbase's auction feature work for BTC?

3 answers

• May 05, 2022 · 3 years ago
  Sure! Coinbase's auction feature for BTC allows users to place bids to buy or sell BTC at a specific price. The auction runs for a set period of time, during which users can submit their bids. At the end of the auction, the highest bid to buy and the lowest bid to sell are matched, and the trades are executed. This feature provides users with the opportunity to potentially get better prices for their BTC transactions compared to regular market orders.
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• May 05, 2022 · 3 years ago
  Coinbase's auction feature for BTC is a great way for users to take advantage of market volatility and potentially get better prices for their BTC trades. By participating in the auction, users can place bids to buy or sell BTC at their desired prices. At the end of the auction, the highest bid to buy and the lowest bid to sell are matched, resulting in trades being executed. This feature can be particularly useful for users who want to execute large BTC trades and are looking for better prices than what the regular market offers.
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• May 05, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, also offers an auction feature for BTC. Similar to Coinbase, users can place bids to buy or sell BTC at their desired prices. The auction runs for a specific duration, and at the end, the highest bid to buy and the lowest bid to sell are matched. This feature allows users to potentially get better prices for their BTC transactions and take advantage of market movements. Participating in the auction can be a strategic way for users to optimize their BTC trading strategies and maximize their potential gains.
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