Sometimes, market buy orders don't execute exactly as planned. For example, you might place a 100% market buy order for USDT/PHP, expecting to use your entire balance, but the order might only be partially filled.
Reasons for Incomplete Market Buy Orders
The primary reason for this discrepancy lies in the dynamic nature of cryptocurrency markets:
- Market Order Book: When you place a market buy order, the system matches it with the best available sell orders on the market. The price and quantity of these sell orders can fluctuate rapidly.
- Price and Amount Accuracy: Due to limitations in price and amount precision, it's sometimes impossible to perfectly match your order with existing sell orders.
Additional Considerations:
- Market Volatility: During periods of high volatility, the market order book can change rapidly, making it more challenging to achieve 100% fills.
- Trading Fees: Trading fees can also slightly reduce the total amount executed in a market buy order.
To minimize the impact of incomplete fills:
- Monitor Market Conditions: Stay informed about market trends and volatility.
- Consider Limit Orders: If you want to ensure a specific price, consider using limit orders instead of market orders.
- Review Order History: Regularly check your order history to verify execution details.
In summary, while the system strives to execute market buy orders as close to 100% as possible, minor deviations can occur due to market conditions and technical limitations. In most cases, the difference is negligible and doesn't significantly impact your trading strategy.