1LIMIT rocket Created with Sketch.
Every market order may qualify Rewards, being sent to exchange at a better price or we compensate the difference.

What is a Reward?

Reward is a difference between the price you request to place the market order and the price we send it to exchange. 95% of market orders we send at the same or better price that you requested. Only market orders initiated from Coinvenue terminal are qualified for rewards.

How we do this

We use artificial intelligence algorithm to predict the next price direction in crypto markets. Based on this algorithm we hold your market order trying to place it at a better price. The price we send your order on average basis is 0,5 – 3 USD better.

What is a reward balance?

In case we send your market order at a better price than what was requested, the reward is negative and you make a positive difference on your exchange account. If the price we send is worse, the reward amount is positive. The reward balance represents the summary amount of all Reward transactions. A positive balance can be withdrawn.

Reward supported Crypto markets

Not all markets are available for rewards. From all represented exchanges, we support only XBTUSD at BITMEX so far. We are working hard to extend this list in the future according to your requests. We are keen on getting feedback and requests from you at support@coinvenue.io

How to enable Rewards in the terminal

1. Go to Profile – Rewards

2. Read and accept our Rewards Policy

3. Collect rewards with every market order

A Reward transaction details

Requested price

Market price when the order was submitted in Coinvenue terminal

Sent price

Market price when the order was sent from Coinvenue backend to an exchange

Reward amount

Difference between requested price and sent price multiplied by transaction volume and converted to BTC. Check some examples here.

Some examples of reward transactions

Reward transaction 1

STEP 1

You created a market order to BUY 1 BTCUSD at requested price 3645.5

STEP 2

We hold the order*

STEP 3

After a moment the current Ask price is 3642 and we are sending your order to exchange

STEP 4

Reward amount = 1*(3642 – 3645.5) = - 3.5 USD

STEP 5

Rewards balance = -0.00096101 BTC (-3.5 USD)

Reward transaction 2

STEP 1

You created a market order to BUY 1 BTCUSD at requested price 3640

STEP 2

We hold the order*

STEP 3

After a moment the current Ask price is 3641 and we are sending your order to exchange

STEP 4

Reward amount = 1*(3641 – 3640) = 1 USD

STEP 5

Rewards balance = -0.00068644 BTC (-3.5 + 1 USD)

*While we hold the order it has a status of Pending and can be cancelled at any time.