How long do limit orders stay open on Binance?

Can you please explain the duration for which limit orders remain open on Binance? I want to understand how long I have to wait for my limit order to be executed.

3 answers
- Limit orders on Binance stay open until they are either filled or canceled. This means that your limit order will remain active until the specified price is reached and the order is executed, or until you manually cancel the order. It's important to note that there is no specific time limit for how long a limit order can stay open on Binance.
Mar 06, 2022 · 3 years ago
- When you place a limit order on Binance, it will stay open until it is executed or canceled. This means that if the market price reaches your specified limit price, your order will be filled. If the market price does not reach your limit price, your order will remain open until you manually cancel it. So, the duration for which a limit order stays open on Binance depends on the market conditions and your decision to cancel the order.
Mar 06, 2022 · 3 years ago
- Limit orders on Binance can stay open indefinitely until they are filled or canceled. Binance does not impose any time limit on how long a limit order can remain open. This gives traders the flexibility to set their desired price and wait for the market to reach that level. However, it's important to monitor your limit orders regularly and adjust them if necessary, as market conditions can change quickly. If you want to automate the execution of your limit orders, you can consider using trading bots or algorithmic trading strategies offered by third-party platforms like BYDFi.
Mar 06, 2022 · 3 years ago
Related Tags
Hot Questions
- 96
What are the best practices for reporting cryptocurrency on my taxes?
- 88
What is the future of blockchain technology?
- 70
Are there any special tax rules for crypto investors?
- 58
How does cryptocurrency affect my tax return?
- 41
How can I protect my digital assets from hackers?
- 35
How can I buy Bitcoin with a credit card?
- 27
What are the best digital currencies to invest in right now?
- 23
How can I minimize my tax liability when dealing with cryptocurrencies?