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How long do bids last on cryptocurrency exchanges?

avatarSunil SuralkarDec 15, 2021 · 3 years ago3 answers

Can you please explain how long bids typically last on cryptocurrency exchanges? I'm new to trading and I want to make sure I understand the timeframe for placing bids.

How long do bids last on cryptocurrency exchanges?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Bids on cryptocurrency exchanges typically last for as long as the order remains unfilled. This means that if there are no buyers willing to match your bid, it can stay open indefinitely. However, it's important to note that some exchanges may have specific rules or time limits for bids, so it's always a good idea to check the exchange's guidelines before placing a bid.
  • avatarDec 15, 2021 · 3 years ago
    In most cases, bids on cryptocurrency exchanges will remain open until they are either filled or canceled by the trader. This means that if someone is willing to buy at the price you set, your bid will be executed. If not, you can choose to cancel the bid at any time. It's worth mentioning that the duration of bids can vary between exchanges, so it's important to familiarize yourself with the specific rules of the exchange you're using.
  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, bids on our cryptocurrency exchange last until they are filled or canceled by the trader. We believe in providing our users with flexibility and control over their trading activities. However, it's worth noting that the duration of bids can vary between different exchanges, so it's always a good idea to check the guidelines of the specific exchange you're using to ensure you have the most accurate information.