Good afternoon, I read the instructions and forum threads, but I still did not understand how to correctly set up the commission for the Binance exchange. I understand what needs to be entered in the Tick and Decimal fields. But could you tell me what values I need to specify in the Type, Margin, Point Value sections for correct calculations. Could you give an example on the pair BNB / BTC and BNB / USDT.
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Hi,
Tick is the smallest amount an instrument can change.
For BNBBTC (Binance Coin / Bitcoin), tick size = 0.0000001
For BNBUSDT (Binance Coin / Tether), tick size = 0.0001
Margin and Point Value apply to trading Futures on margin. It doesn't appear that Binance provides such data - after all, it's not a futures exchange.
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So what do I need to point to Point Value and Margin in order to correctly calculate positions for robots? This is what the binance site says BTC/USDT(FIAT). Minimum Trade Amount - 0.000001 BTC, Min Price Movement - 0.01 USDT, Minimum Order Size - 10 USDT. What I need to specify in the Point Value and Margin sections for the correct calculation of the instrument. What is the calculation system for these fields for cryptocurrency? Thanks in advance.
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