How can I place a good until cancelled order on a cryptocurrency exchange?
SARL GAMINGNov 28, 2021 · 3 years ago3 answers
I'm new to cryptocurrency trading and I want to know how to place a good until cancelled order on a cryptocurrency exchange. Can someone guide me through the process step by step?
3 answers
- Nov 28, 2021 · 3 years agoSure, I'd be happy to help you with that! Placing a good until cancelled (GTC) order on a cryptocurrency exchange is quite simple. First, log in to your exchange account and navigate to the trading section. Find the option to create a new order and select the cryptocurrency pair you want to trade. Choose the GTC order type and enter the desired price and quantity. Finally, click the 'Place Order' button to submit your GTC order. It will remain active until it is filled or manually canceled.
- Nov 28, 2021 · 3 years agoPlacing a good until cancelled order on a cryptocurrency exchange is a common practice for traders who want to set a specific price at which they are willing to buy or sell a cryptocurrency. It allows you to set your desired price and wait for the market to reach that level. Once the order is placed, it will remain active until it is filled or manually canceled. This type of order provides flexibility and convenience for traders who want to execute their trades at specific price levels.
- Nov 28, 2021 · 3 years agoTo place a good until cancelled order on a cryptocurrency exchange, you can use the trading platform provided by BYDFi. BYDFi offers a user-friendly interface that allows you to easily create and manage GTC orders. Simply log in to your BYDFi account, navigate to the trading section, select the cryptocurrency pair you want to trade, and choose the GTC order type. Enter the desired price and quantity, and click the 'Place Order' button to submit your GTC order. It's that simple!
Related Tags
Hot Questions
- 98
Are there any special tax rules for crypto investors?
- 92
How can I buy Bitcoin with a credit card?
- 83
What is the future of blockchain technology?
- 73
What are the tax implications of using cryptocurrency?
- 66
How can I minimize my tax liability when dealing with cryptocurrencies?
- 59
What are the best practices for reporting cryptocurrency on my taxes?
- 49
What are the best digital currencies to invest in right now?
- 35
How can I protect my digital assets from hackers?