🛒Auto Buy

In the Runes space, major exchanges like OKX, UniSat, and MagicEden Runes Marketplace typically only offer sell orders at a set price, leaving out the option for buy orders. This limitation prevents general users from buying the dip automatically.

BTCBot introduces an Auto Buy feature that enables both instant market buys and strategic limit buys, broadening your trading toolkit. It also aggregates the liquidity from leading platforms including UniSat, MagicEden, and OKX Runes Marketplaces, ensuring you always get the best deal. Importantly, BTCBot's Auto Buy doesn't lock up your funds; you're only charged when your limit buy price is met. If your wallet doesn't cover the cost at that moment, the buy order is simply canceled, keeping your trading smooth and stress-free.

Additionally, due to the significant impact of BTC network gas fees on purchasing a sell order, to help users precisely control their total cost of purchasing a Runes token, BTCBot has introduced the concept of "Gas-inclusive Price." Users can set their limit price and the maximum slippage they are willing to accept due to gas costs to determine the maximum "Gas-inclusive Price" they are willing to pay. BTCBot will automatically assess the current gas rate to decide which sell order to match, ensuring that your total purchase cost does not exceed the "Gas-inclusive Price" specified by the user.

You can follow these steps to configure your smart buy strategy.

• Input the Token Name: Enter the name of the Rune token you want to buy.

• Setting the Limit Price: You can set the price based on a percentage drop from the current floor price (0% means the current floor price), or you can set the price directly based on how many Sats each coin is worth.

• Setting the Max Slippage: The transaction fees on the BTC network have a significant impact on the actual cost of purchasing a specific Rune, with the network fee/order price ratio representing slippage. Users can set a maximum slippage to avoid excessively high actual purchase costs. The default is 10%.

• Setting the Expiration: Set the expiration period for limit buy orders. The order will be automatically canceled after the expiration period has elapsed. The default is 1 day.

• Submit the Order: Confirm the estimated quantity and price of the tokens you can purchase and submit the limit buy order. Then, you can view the list of active limit buy orders in the interface.

You can cancel your Limit Buy orders anytime for free.

Gas-inclusive Price

If you set the limit price at $1 per token and the maximum slippage at 10%, you are agreeing to accept a sell order at a gas-inclusive price of up to $1.1 per token.

Showcase 1

For example, if there is an order containing 100 tokens priced at $0.9 per token, but the current gas fees are high, requiring $30 to purchase this order, then the total cost of buying these 100 tokens becomes $120, making the price per token including gas $1.2. This is higher than the maximum $1.1 that the buy order can accept. Therefore, under the current high gas fee conditions, BTCBot will not help the user take this sell order.

Showcase 2

Similarly, if there is another order containing 100 tokens priced at $1.02 per token, and the current gas fees are low, only costing $5, then the price per token including gas would be $1.07, which is below the maximum $1.1 that the buy order can accept. In this case, BTCBot will help the user take this sell order.

Cancel Buy Order

You can follow these steps to cancel your limit sell order:

• Choose the Buy Order: In the Buy interface, find the buy order you want to cancel in the active limit buy order list.

• Open Cancel Panel: Click on the [Cancel] option next to it.

• Confirm Cancel: Confirm the cancellation in the cancel buy order interface.