This document outlines the appropriate format that the traders must follow while writing the webhook payload for setting up the following types of cryptocurrency orders to be executed into Coinbase Advance.
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Market Order
The traders can write the webhook payload for setting up market orders using these three payload fields:
- Symbol
- Action
- Quantity
Symbol
The ticker symbol of the cryptocurrency. Coinbase Advance represents this asset class by combining cryptocurrency tickers with either cryptocurrency or fiat currency tickers, separated by a hyphen ( - ). Examples: BTC-USD, ETH-USD, and BTC-USDT, etc.
Action
The signal action indicates the type of trade to be executed. It can be one of the following two:
- Buy: Triggers an action to purchase the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
EXAMPLE
I. Buy
{
"symbol": "BTC-USD",
"action": "buy",
"quantity": 123
}
II. Sell
{
"symbol": "BTC-USD",
"action": "sell",
"quantity": 123
}
Limit Order
The traders can write the webhook payload for setting up Limit orders using these four payload fields:
- Symbol
- Action
- Quantity
- Limit_price
Symbol
The ticker symbol of the cryptocurrency. Coinbase Advance represents this asset class by combining cryptocurrency tickers with either cryptocurrency or fiat currency tickers, separated by a hyphen ( - ). Examples: BTC-USD, ETH-USD, and BTC-USDT, etc.
Action
The signal action indicates the type of trade to be executed. It can be one of the following two:
- Buy: Triggers an action to purchase the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Limit_price
An optional field specifying the execution price for a “buy” or “sell” trade. If you specify the limit price the trade will be executed at the specified limit price. Or If you choose not to specify a limit price, the trade will be executed at the current market price.
EXAMPLE
I. Buy
{
"symbol": "BTC-USD",
"action": "buy",
"quantity": 123,
"limit_price": 123.98
}
II. Sell
{
"symbol": "BTC-USD",
"action": "sell",
"quantity": 123,
"limit_price": 123.98
}
Stop Order
The traders can write the webhook payload for setting up Stop orders using these four payload fields:
- Symbol
- Action
- Quantity
- Stop_price
Symbol
The ticker symbol of the cryptocurrency. Coinbase Advance represents this asset class by combining cryptocurrency tickers with either cryptocurrency or fiat currency tickers, separated by a hyphen ( - ). Examples: BTC-USD, ETH-USD, and BTC-USDT, etc.
Action
The signal action indicates the type of trade to be executed. It can be one of the following two:
- Buy: Triggers an action to purchase the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Stop_price
An optional field specifying the price level at which a stop-loss or stop-limit order should be triggered. It helps limits potential losses by automatically closing the position when the specified price is reached.
EXAMPLE
I. Buy
{
"symbol": "BTC-USD",
"action": "buy",
"quantity": 123,
"stop_price": 123.98
}
II. Sell
{
"symbol": "BTC-USD",
"action": "sell",
"quantity": 123,
"stop_price": 123.98
}
Stop-Limit Order
The traders can write the webhook payload for setting up Limit orders using these five payload fields:
- Symbol
- Action
- Quantity
- Limit_price
- Stop_price
Symbol
The ticker symbol of the cryptocurrency. Coinbase Advance represents this asset class by combining cryptocurrency tickers with either cryptocurrency or fiat currency tickers, separated by a hyphen ( - ). Examples: BTC-USD, ETH-USD, and BTC-USDT, etc.
Action
The signal action indicates the type of trade to be executed. It can be one of the following two:
- Buy: Triggers an action to purchase the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Limit_price
An optional field specifying the execution price for a “buy” or “sell” trade. If you specify the limit price the trade will be executed at the specified limit price. Or If you choose not to specify a limit price, the trade will be executed at the current market price.
Stop_price
An optional field specifying the price level at which a stop-loss or stop-limit order should be triggered. It helps limits potential losses by automatically closing the position when the specified price is reached.
EXAMPLE
I. Buy
{
"symbol": "BTC-USD",
"action": "buy",
"quantity": 123,
"limit_price": 123.98,
"stop_price": 123.98
}
II. Sell
{
"symbol": "BTC-USD",
"action": "sell",
"quantity": 123,
"limit_price": 123.98,
"stop_price": 123.98
}