All unfilled buy and sell orders (Limit and Stop orders) create the Order Book. 


The term order book refers to a list of buy and sell orders for a specific crypto currency organized by price level. An order book lists the amount of crypto currencies being bid on or offered at each price point, or market depth. 


The price to look for depends on whether you’re buying or selling.  You will buy from the prices showing in red below. When you sell you will sell from the prices showing in green.

(click to enlarge.)

Let's compare the prices in the Order table with the price showing in the Trade table.

 

This shows where the Order Book is on the web screen (click to enlarge).
The current Buy price is the lowest price a seller is willing to sell the coin (click to enlarge).
The Sell price is the highest amount a buyer is willing to pay for the coin (click to enlarge).

It’s important to understand what is the best price for a specified number (amount) of coins.


Let’s assume it’s a quiet market, not a lot of trading at the moment, so your trade isn’t affected by other customers. Of course in the real world, other customers would be trading, but this example simplifies how the order book works. 


Suppose you want to purchase 99,000 of a certain crypto at the market price. Remember, the market price is whatever price is available in the market (Order Book). The Order Book below shows what is currently available: 

The Order Book shows the price and the number of coins that others are buying or selling (click to enlarge.)


CoinsSell PriceRemaining
48,897.4$1.6100 each50,102.6
50,000.0$1.6200 each102.6
100.0$1.75 each2.6
2.6$1.800


Related Articles

Trade FAQ shows the types of orders you can place

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How Do I create a Limit Order?

How do I create a Stop Limit Order?

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