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What happens to my funds when I cancel an order on Binance?

avatarsidecarmonkey1Nov 27, 2021 · 3 years ago3 answers

When I cancel an order on Binance, what happens to the funds that were allocated for that order?

What happens to my funds when I cancel an order on Binance?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    When you cancel an order on Binance, the funds that were allocated for that order will be returned to your available balance. This means that you can use those funds to place new orders or withdraw them from the exchange. It's important to note that the cancellation process may take a few moments to complete, so you may not see the funds immediately in your available balance.
  • avatarNov 27, 2021 · 3 years ago
    If you cancel an order on Binance, the funds will be returned to your account. This is a standard practice on most cryptocurrency exchanges. The funds will be available for you to use in future trades or withdraw from the exchange. Just keep in mind that it may take a short while for the cancellation to be processed and for the funds to be reflected in your account balance.
  • avatarNov 27, 2021 · 3 years ago
    When you cancel an order on Binance, your funds will be returned to your account balance. This ensures that you have full control over your funds and can use them for other trading activities. Binance is known for its user-friendly interface and efficient order management system, so you can expect a smooth cancellation process. If you have any concerns or issues regarding the cancellation of an order, you can reach out to Binance's customer support for assistance.