Minimum Price Increment, also known as Tick Size, determines the minimum increment of your order price and also determines the minimum interval between different levels on the Order Book. The price you enter in your order must be a multiple of the Minimum Price Increment. For example, if the Minimum Price Increment for the ETH/USDT trading pair is 0.1, then the limit price of your limit order can only be values such as 0.2, 0.3, 0.4, and so on. If you enter 0.22 as the price in the order interface, the value you enter will be automatically changed to the nearest multiple of the Minimum Price Increment, which is 0.2.
Minimum Size Increment, also known as Lot Size, determines the minimum increment of the quantity in your order. The quantity of the Base Currency in your order must be a multiple of the Minimum Size Increment. For example, if the Minimum Size Increment for the ETH/USDT trading pair is 0.001, then you can only buy 0.001, 0.002, 0.003, and so on ETH. If you enter 0.0012 ETH in the order interface, the value you enter will be automatically changed to the nearest multiple of the Minimum Size Increment, which is 0.001.
YAX has set corresponding Tick Size and Lot Size for different currency pairs based on the Base Currency and Quote Currency of the transaction. YAX reserves the right to adjust the Minimum Price Increment and Minimum Size Increment at any time. You will be notified by YAX in advance when the values are adjusted.
Appendix: Complete List of Minimum Price Increment and Minimum Size Increment
| Coin Pair | Minimum Price Increment | Minimum Size Increment |
|---|---|---|
| BTC/USDT | 0.01 | 0.00001 |
| ETH/BTC | 0.000001 | 0.0001 |
| ETH/USDT | 0.01 | 0.0001 |