What is Iceberg Order?
"Iceberg order" is a type of order in which only a portion of the total order amount is displayed on the order book. Similar to an iceberg on the ocean, only a small part is visible above the water while most of it remains hidden below. With this method, you can display only a "visible amount" on the order book, while the hidden portion remains invisible to other traders.
How does Iceberg Order Work?
- Display Amount : This is the amount that you want to show on the order book, where other traders can only see this portion.
- Total Amount : This is the total amount you actually want to trade, including both the visible and hidden amount. Although the total amount is executed as a single order, the hidden portion will not be displayed on the order book.
Why do I Choose Iceberg Order?
- Keep Your Trade Private : By hiding the full volume of your order, you prevent others from seeing how large it actually is, which can stop them from adjusting their strategies based on your order.
- Reduce Market Impact : Showing only a small part of your order helps avoiding sharp price fluctuations.
How to Use Iceberg Order?
- Log in to your account : Go to your trading account and make sure there are enough funds in the account.
- Select Trading Pairs : Select the trading pair you want to trade with.
- Proceed iceberg order via App
- In the Spot/Cross/Isolated order section, tap the [Advanced] option, and tap [Iceberg].
- Input the total amount and the display amount. (The visible amount of Iceberg)
- Set the price and other required parameters, such as validity period and etc.
- Please check your order information carefully before submitting the order.
- Proceed iceberg order via Website
- In the Spot/Cross/Isolated order section, click [Iceberg].
- Enter the total amount and the display amount. (The visible amount of Iceberg)
- Set the price and other required parameters, such as validity period and etc.
- Please check your order information carefully before submitting the order.
Notice
- Market Fluctuation : In highly volatile market conditions, price or parameter adjustment may be required for the unfilled portion to ensure order execution.
- Trading fee : The trading fee of the hidden part of the iceberg will be charged according to the taker fee.
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
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