1. What is the Last Traded Price (LTP)?
Last Traded Price is the price at which the coin was last bought or sold on the exchange. For example, you place an order for Bitcoin at 4:00 PM. The previous Bitcoin transaction on the exchange happened at 3:59 PM where Bitcoin was sold at ₹14,50,120. This means that the LTP for Bitcoin for your transaction would be ₹14,50,120.
2. Why is the price on the asset page different from the Preview Page?
The price shown on the asset page is the price at which the last transaction for the coin happened on the exchange.
However, the preview page shows you the price that you are most likely to get from the order book (depending on your order amount).
3. How does LTP impact the price I will get for my order?
The LTP does not impact your order price. It is only a reference point for you to understand the current trading prices on the exchange. Your final price is determined based on the order book at the time of execution.
4. What price does the graph show?
All graphs on CoinSwitch show the price that is shown on the asset page for that coin. In case the asset page shows LTP, the graph would also show LTP.
5. Why am I only seeing the Last Traded Price for Bitcoin and Ethereum?
This is part of a phased rollout. Eventually we will show LTP for all coins listed on CoinSwitch.
6. Why have you introduced LTP?
In our effort to address some of the most common queries and concerns of our users, we feel LTP is the right representation of the price movement of any asset on the exchange.
7. Why is there a price difference in CoinSwitch Pro and your app? Is the last traded price the same as the last trade executed in Pro?
CoinSwitch Pro allows users to choose between multiple exchanges and is meant for pro traders. On the CoinSwitch app, we automatically select the best prices for you. Hence on Pro you will see multiple LTPs, whereas on the CoinSwitch app you will see only one.
8. The price that is reflecting on the asset page, is it user specific?
No, the price on the asset page would not be user specific.
9. How would you explain to the user from where the current price is captured, is it a buy or sell price?
The price visible on the buy preview page is the current buy price and the price visible on the sell preview page is the current sell price.