After you set the conditions for a trigger order, the order will automatically execute if the price you set is reached.
Assets are not withdrawn from your asset balance when you set a trigger order. Once the price you set is reached and the order is filled, the fill price will be withdrawn from your asset balance.
If your asset balance is insufficient when a trigger order is executed, the order will not be finalized and the details of the order will be deleted.
For more details about the steps to use the trigger order feature, please see this LINE BITMAX official blog post. (Only available in Japanese.)
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"Order execution" refers to when an order is initiated because the conditions of your trigger order were met. If your asset balance is less than the trigger order price when your order conditions are met, the trigger order will be canceled and deleted.
The "fill price" is the price that is charged when a trigger order is finalized and the purchase/sale is completed.
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1. Tap the crypto asset you want to check on the LINE BITMAX home screen.
2. Tap Order/Trade history.
3. Tap Order history.
Note: Trigger orders that have been executed and filled appear in Trade history.
After setting a trigger order, you cannot edit its conditions (e.g. trigger order price, amount/price, period). If you want to change the conditions of a trigger order, you need to cancel it and place a new one.
You can set up to 10 trigger orders. This includes both buy and sell orders for all of the crypto assets available on LINE BITMAX. Note: The buying/selling of KAIA (KAIA) on the brokerage is currently being prepared. For more information, see Automatic transfer to KAIA (KLAY) has been completed. (Only available in Japanese.)
For example, if you set five trigger orders for buying Bitcoin (BTC) and five trigger orders for selling KAIA (KAIA), you will not be able to set an additional trigger order for selling Ethereum (ETH).
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Your trigger order will be canceled if:
• Your asset balance is less than the trigger order amount/price when the trigger order is executed.
• Suspensions or restrictions have been placed on some of your LINE BITMAX account features.
• The trigger order period has expired.
• The trigger order isn't within the crypto asset trading limits.
Note: See Trading Limits and Fees for limits on trading crypto assets and Restrictions on trading KAIA for limits on trading KAIA. (These pages are only available in Japanese.)
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We cannot offer compensation for any lost opportunities that arise due to system errors or other such occurrences. Please keep this in mind when placing trigger orders.
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The chart screen shows the mid price of a crypto asset without the spread (transaction cost). The actual buy/sell price is the mid price including the spread.
The buy/sell price that you set for a trigger order also includes the spread. For this reason, your trigger order will not execute until the buy/sell price is reached, even if the mid price that appears on the chart screen has reached the amount you set.
Trigger order execution price example
If you set a sell trigger order price as JPY 15,000:
• The order will not execute if the mid price is JPY 15,000 and the sell price is JPY 14,000.
• The order will execute if the mid price is JPY 16,000 and the sell price is JPY 15,000.
When considering the trigger order price you want to set, make sure to refer to the buy/sell price.
Note: You can check the current buy/sell price from the LINE BITMAX main menu by tapping Home > the crypto asset you want to check > Buy or Sell > Market.
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