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Is there a way to avoid Coinbase cancelling my orders for virtual currency?

avatarHoHADec 17, 2021 · 3 years ago3 answers

I've been experiencing issues with Coinbase cancelling my orders for virtual currency. Is there any way to prevent this from happening?

Is there a way to avoid Coinbase cancelling my orders for virtual currency?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are a few things you can try to avoid Coinbase cancelling your orders for virtual currency. Firstly, make sure you have sufficient funds in your Coinbase account to cover the order. Sometimes, orders are cancelled due to insufficient funds. Additionally, ensure that you have a stable internet connection when placing orders, as connectivity issues can lead to cancellations. Finally, it's always a good idea to double-check your order details before confirming, as any errors or discrepancies can result in cancellations. Hopefully, these tips will help you avoid order cancellations on Coinbase.
  • avatarDec 17, 2021 · 3 years ago
    Oh man, I feel your pain! Coinbase cancelling orders can be really frustrating. One thing you can do is to use Coinbase Pro instead of the regular Coinbase platform. Coinbase Pro offers more advanced trading features and generally has better order execution. Another option is to try using a different cryptocurrency exchange altogether. There are plenty of alternatives out there that might better suit your needs. Just make sure to do your research and choose a reputable exchange. Good luck!
  • avatarDec 17, 2021 · 3 years ago
    As an expert in the field, I can tell you that Coinbase is known for cancelling orders from time to time. It's definitely frustrating, but there are a few strategies you can employ to minimize the chances of your orders getting cancelled. Firstly, try placing limit orders instead of market orders. Limit orders give you more control over the price at which your order gets executed, reducing the likelihood of cancellation. Secondly, consider using Coinbase's mobile app instead of the website. The app tends to be more stable and less prone to order cancellations. Lastly, if you're a frequent trader, you might want to explore other exchanges like BYDFi. They have a solid reputation and offer a seamless trading experience. Remember, it's always a good idea to diversify your trading platforms to mitigate risks.