Here are the trading rules specific to trading cryptocurrency on Public:
Market Orders
There is usually a short delay - typically less than a second - between the time a market order is submitted and the time it is executed. To protect you against sudden price movements in the small window of time between order submission and execution, there is a 5% collar applied to market orders on both sides -
If you set a market order to buy and the price of the coin or token jumps more than 5%, the order will be automatically canceled.
If you set a market order to sell and the price of the coin or token drops more than 5%, the order will be automatically canceled.
The collar is in place to make sure you don’t accidentally pay a significantly different amount than you intended to.
In that same vein, market orders will be automatically canceled if they aren’t executed within 5 seconds after they were sent to the exchange.
Order Limitations
The maximum value of any individual trade can not exceed $100,000.00
The total value of all open orders cannot exceed $200,000
Order Quantities
The minimum amount to purchase is $1.
The minimum amount to sell is $0.01.
The minimum fractional amount of cryptocurrency in a single trade is 0.00000001.
Trading Hours
Any pending orders not filled before the daily maintenance period (which starts at 5:30pm ET) will be canceled.
If you ever have questions, the team is always here for you, so feel free to give us a shout on the app’s Chat or via email at support@public.com.