You can order multiple closing buys for one position as long as they do not exceed the quantity of that position.
For example, if you have a 1 Bitcoin (BTC) margin selling position and have already placed a 0.3 BTC closing buy trigger order, you can place separate closing buy orders for up to a total of 0.7 BTC. In this case, if you want to place a 0.8 BTC closing buy market order, you need to cancel your 0.3 BTC closing buy trigger order before you can do so.
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You can sell the following crypto assets on margin:
• KAIA (KAIA)
• Bitcoin (BTC)
• Ethereum (ETH)
• Stellar Lumens (XLM)
• Ripple (XRP)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
Note: All sales are against the Japanese yen.
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For details about the transaction increments, minimum/maximum transaction quantities, and maximum quantity of positions for each crypto asset, see the following page. (Only available in Japanese.)
In margin trading, there are three types of orders. These orders are available in both margin sell and closing buy trades.
Market orders
With a market order, you can place an order for crypto assets at their offered prices whenever you like.
Trigger orders
Your order will automatically execute once the price you specified is reached.
Stop orders
Just like trigger orders, your order will automatically execute once the price you specified is reached. Stop orders are mainly used to limit loss, so you need to specify a less favorable price for them than the current offered price.
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Combination orders place a secondary order (trigger/stop order) for a closing buy when you place your initial margin sell order. The advantage of these orders is that they make profit and loss easier to manage.
Note: Combination orders are only available in margin trading, and cannot be used in ordinary crypto asset trading.
You can choose to place a combination order on the margin selling order screen. After your initial order is filled, you can also individually cancel secondary orders.
Note: The content of your order cannot be edited.
For more details about combination orders, see this page. (Only available in Japanese.)
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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 or stop order also includes the spread. For this reason, your 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.
- Auxiliary lines will not appear on the chart screen for trigger and stop orders made in margin trading.
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As a risk management policy, an overall position limit is stipulated for each crypto asset on LINE BITMAX.
If a crypto asset's overall position limit is reached, we may stop accepting new margin sales of that crypto asset without notice. In such cases, any margin sell trigger or stop orders you've already placed will also be revoked (canceled).
Note: You can execute closing buys regardless of overall position limits.
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Crypto assets must be repaid within 30 days after a margin sell order is filled.
If a closing buy trade has not been executed by the repayment deadline, a closing buy trade will automatically execute at the listed price.
Note: If system maintenance is being carried out at the time of the repayment deadline, the closing buy trade will automatically execute after the system maintenance is completed, which may result in the order filling at a price that you did not intend.
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After an order has been accepted, it cannot be changed. You can cancel a margin trade trigger order or stop order as long as the order has not yet been executed.
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We may suspend new margin sell orders if an overall position limit set by us is reached. Also, if any margin sell orders that were already placed meet the conditions for execution after the overall position limit has been reached, those orders will be canceled without being filled.
Note: - Orders that do not meet the conditions to be executed will be maintained, even if the overall position limit is reached.
- Closing buy trades can be made even if the overall position limit has been reached.
If your order is canceled and you want to place it again, please do so after waiting for some time to pass.
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