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What is the meaning of 'filled' on Binance in the context of cryptocurrency trading?

avatarDustlotusDec 25, 2021 · 3 years ago3 answers

In the context of cryptocurrency trading on Binance, what does the term 'filled' mean?

What is the meaning of 'filled' on Binance in the context of cryptocurrency trading?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    When it comes to cryptocurrency trading on Binance, the term 'filled' refers to the status of an order. It means that the order has been successfully executed and the trade has been completed. This status indicates that the buyer has received the desired amount of the cryptocurrency they wanted to purchase, and the seller has received the corresponding amount of funds in return. It is an important term to understand when monitoring the progress of your trades on Binance.
  • avatarDec 25, 2021 · 3 years ago
    In the context of cryptocurrency trading on Binance, 'filled' simply means that your order has been completed. It's like saying 'mission accomplished'. Once your order is filled, it means that the exchange has successfully matched your buy or sell order with another user's order and the transaction has been executed. So, if you see 'filled' next to your order, you can rest assured that your trade has been successfully executed.
  • avatarDec 25, 2021 · 3 years ago
    When you place an order on Binance, whether it's a buy or sell order, the status 'filled' indicates that your order has been executed and the trade has been completed. Binance matches your order with another user's order, and once the match is found, the trade is considered filled. This means that the transaction has been successfully processed and the desired amount of cryptocurrency has been bought or sold. Keep an eye on the 'filled' status to track the progress of your trades on Binance.