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 you see depends on whether you’re buying or selling. You will buy from the prices showing in red above and when you sell you will sell from the prices showing in green.
Let’s compare the prices in the Order table with the price showing in the Trade table.
It’s important to understand that the best price is 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. You want to purchase 99,000 of these cryptos.
48,897.40 of your order would be filled at 1.6100 (99,000 – 48,897.40 = 50,102.60)
50,000.00 of your order would be filled at 1.6200 (50,102.60- 50,000 = 102.60)
100 of your order would be filled at 1.75 (102.60 – 100 = 2.60)
2.60 of your order would be filled at 1.80 (2.60 – 2.60 = 0.00)