How can I set up a 'good 'til cancelled' order on a cryptocurrency trading platform?
![avatar](https://download.bydfi.com/api-pic/images/avatars/9HOou.png)
I want to place a 'good 'til cancelled' order on a cryptocurrency trading platform. How can I do that? Can you provide step-by-step instructions?
![How can I set up a 'good 'til cancelled' order on a cryptocurrency trading platform?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/e7/f02876896dccfa066d947fb03790d7fb3d8fa5.jpg)
3 answers
- To set up a 'good 'til cancelled' order on a cryptocurrency trading platform, follow these steps: 1. Log in to your account on the trading platform. 2. Navigate to the 'Trading' or 'Order' section. 3. Select the cryptocurrency pair you want to trade. 4. Choose the 'Limit' order type. 5. Enter the price at which you want to buy or sell the cryptocurrency. 6. Set the 'Time in Force' option to 'Good 'til Cancelled' or 'GTC'. 7. Specify the quantity of cryptocurrency you want to buy or sell. 8. Review your order details and click 'Place Order' to submit the order. That's it! Your 'good 'til cancelled' order will remain active until it is filled or manually cancelled by you.
Feb 18, 2022 · 3 years ago
- Setting up a 'good 'til cancelled' order on a cryptocurrency trading platform is easy. Just follow these steps: 1. Login to your account. 2. Find the 'Trading' section. 3. Choose the cryptocurrency pair you want to trade. 4. Select the 'Limit' order type. 5. Enter the desired price for buying or selling. 6. Set the order duration to 'Good 'til Cancelled'. 7. Enter the quantity of cryptocurrency you want to trade. 8. Review the order details and click 'Place Order'. That's it! Your order will stay active until it is executed or cancelled.
Feb 18, 2022 · 3 years ago
- If you're using BYDFi, here's how you can set up a 'good 'til cancelled' order on their platform: 1. Log in to your BYDFi account. 2. Go to the 'Trading' section. 3. Select the cryptocurrency pair you want to trade. 4. Choose the 'Limit' order type. 5. Enter the desired price for buying or selling. 6. Set the order duration to 'Good 'til Cancelled'. 7. Specify the quantity of cryptocurrency you want to trade. 8. Review the order details and click 'Place Order'. That's it! Your order will remain active until it is filled or manually cancelled by you.
Feb 18, 2022 · 3 years ago
Related Tags
Hot Questions
- 86
What are the best practices for reporting cryptocurrency on my taxes?
- 84
What are the advantages of using cryptocurrency for online transactions?
- 74
How can I minimize my tax liability when dealing with cryptocurrencies?
- 40
How does cryptocurrency affect my tax return?
- 38
Are there any special tax rules for crypto investors?
- 24
How can I protect my digital assets from hackers?
- 23
What is the future of blockchain technology?
- 16
What are the best digital currencies to invest in right now?