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How can I set up good until canceled orders on a cryptocurrency exchange?

avatarDaniel Isaac Cruz SanchezDec 15, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I want to know how to set up good until canceled orders on a cryptocurrency exchange. Can you provide a step-by-step guide on how to do it?

How can I set up good until canceled orders on a cryptocurrency exchange?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure, setting up good until canceled (GTC) orders on a cryptocurrency exchange is quite simple. Here's a step-by-step guide: 1. Log in to your cryptocurrency exchange account. 2. Navigate to the trading section or order placement page. 3. Select the cryptocurrency pair you want to trade. 4. Choose the 'GTC' option or a similar option from the order type dropdown menu. 5. Enter the desired price at which you want to buy or sell the cryptocurrency. 6. Specify the quantity or amount of cryptocurrency you want to buy or sell. 7. Review the order details and click on the 'Place Order' button to submit the GTC order. That's it! Your GTC order will remain active until it is either filled or canceled by you. Please note that GTC orders may have certain limitations or restrictions depending on the cryptocurrency exchange you are using. It's always a good idea to familiarize yourself with the specific rules and policies of the exchange before placing GTC orders.
  • avatarDec 15, 2021 · 3 years ago
    No worries, mate! Setting up good until canceled (GTC) orders on a crypto exchange is a piece of cake. Just follow these steps: 1. Log into your crypto exchange account, mate. 2. Find the trading section or order placement page, mate. 3. Pick the crypto pair you wanna trade, mate. 4. Look for the 'GTC' option or something similar in the order type dropdown, mate. 5. Enter the price you wanna buy or sell the crypto at, mate. 6. Specify the quantity or amount of crypto you wanna buy or sell, mate. 7. Double-check the order details and hit the 'Place Order' button, mate. That's it, mate! Your GTC order will stay active until it gets filled or you cancel it. Keep in mind, though, that different crypto exchanges may have their own rules and limitations for GTC orders. So, it's always a good idea to check the exchange's specific guidelines before placing GTC orders, mate!
  • avatarDec 15, 2021 · 3 years ago
    BYDFi is a cryptocurrency exchange that allows you to easily set up good until canceled (GTC) orders. Here's how you can do it: 1. Log in to your BYDFi account. 2. Go to the trading section or order placement page. 3. Select the cryptocurrency pair you want to trade. 4. Choose the 'GTC' option from the order type dropdown menu. 5. Enter the desired price and quantity of the cryptocurrency you want to buy or sell. 6. Review the order details and click on the 'Place Order' button to submit the GTC order. That's it! Your GTC order will remain active until it is filled or canceled by you. Please note that GTC orders on BYDFi may be subject to certain limitations or restrictions. Make sure to familiarize yourself with BYDFi's terms and conditions before placing GTC orders.