Can GTC orders be placed on all cryptocurrency exchanges?

3 answers

• Nov 26, 2021 · 3 years ago
  Yes, GTC orders are supported on most cryptocurrency exchanges. A GTC order allows traders to set a buy or sell order that remains active until it is either executed or canceled by the trader. This order type is useful for traders who want to set a specific price at which they are willing to buy or sell a cryptocurrency and are not concerned about the timing of the execution. The advantage of GTC orders is that they can help traders take advantage of price fluctuations without constantly monitoring the market. However, the disadvantage is that if the price does not reach the specified level, the order may remain open indefinitely, tying up the trader's funds.
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• Nov 26, 2021 · 3 years ago
  Absolutely! GTC orders are like the 'set it and forget it' of the cryptocurrency trading world. They allow you to place an order at a specific price and let it sit until it gets executed or you decide to cancel it. It's a great way to automate your trading strategy and take advantage of market movements without having to constantly watch the price. Just be aware that if the price doesn't reach your specified level, your order might stay open indefinitely. So make sure to regularly review and update your GTC orders to avoid any surprises!
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• Nov 26, 2021 · 3 years ago
  Yes, GTC orders can be placed on most cryptocurrency exchanges, including BYDFi. A GTC order is a type of order that remains active until it is executed or canceled by the trader. It allows traders to set a specific price at which they want to buy or sell a cryptocurrency and wait for the market to reach that price. The advantage of GTC orders is that they provide flexibility and convenience for traders who want to set their desired price and let the order execute automatically. However, it's important to note that GTC orders may tie up the trader's funds if the price doesn't reach the specified level.
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