<p>The rate (of exchange) is just the price for your order. </p>

<p>According to <a href="https://support.bittrex.com/hc/en-us/articles/115003723911-Developer-s-Guide-API" rel="nofollow noreferrer">their documentation</a>, when you create a buy or sell order, you need to specify the market, the quantity, and the rate. The market specifies the <a href="https://en.wikipedia.org/wiki/Currency_pair" rel="nofollow noreferrer">currency pair</a>. For example the market BTC-XRP specifies BTC as the "quote currency" and XRP as the "base currency". The quantity specifies how much of the base currency you want to exchange. The rate specifies the quote price at which you want to exchange.</p>

CC BY-SA 4.0
2018-06-21T19:27:05.533Z
2018-06-26T21:12:41.267Z
2018-06-26T21:12:41.267Z
sfmiller940
<p><a href="https://i.sstatic.net/tISAp.jpg" rel="nofollow noreferrer"><img src="https://i.sstatic.net/tISAp.jpg" alt="enter image description here"></a></p>

<p>I use bittrex api and python for trading.</p>

<p>I am interesting about lowest Ask and highest Bid prices on the pair.</p>

<p>In this example: </p>

<p>I want to sell XRP on 0.00008215 price and on 0.00008245 </p>

<p>What RATE I would pass? 1.0, or 1.1 or different? And what for lower prices?</p>

<p>What is this number exactly mean?</p>

CC BY-SA 4.0
2018-06-17T18:49:14.783Z
Where do you get this number from? I don't see what rate limiting ( that's what you are referring to right?) has anything remotely to do with the price you wish to sell at.
Jan Janssen
<python><bittrex>
What is "Rate" on crypto exchange?
Кирилл
# What is "Rate" on crypto exchange?

(Asked by: username_0 on 2018-06-16)

[![enter image description here](https://i.sstatic.net/tISAp.jpg)](https://i.sstatic.net/tISAp.jpg)

I use bittrex api and python for trading.

I am interesting about lowest Ask and highest Bid prices on the pair.

In this example:

I want to sell XRP on 0.00008215 price and on 0.00008245

What RATE I would pass? 1.0, or 1.1 or different? And what for lower prices?

What is this number exactly mean?

**Tags:** python, bittrex

> **Comments:**
> **username_1**: Where do you get this number from? I don't see what rate limiting ( that's what you are referring to right?) has anything remotely to do with the price you wish to sell at.  

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## 1 answers

### Answer by username_2 on 2018-06-21. Score: 1

The rate (of exchange) is just the price for your order.

According to [their documentation](https://support.bittrex.com/hc/en-us/articles/115003723911-Developer-s-Guide-API), when you create a buy or sell order, you need to specify the market, the quantity, and the rate. The market specifies the [currency pair](https://en.wikipedia.org/wiki/Currency_pair). For example the market BTC-XRP specifies BTC as the "quote currency" and XRP as the "base currency". The quantity specifies how much of the base currency you want to exchange. The rate specifies the quote price at which you want to exchange.


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