For how long are limit orders open on Binance?
MotPhimPlusDec 16, 2021 · 3 years ago3 answers
Can you please provide more information about the duration for which limit orders are open on Binance? How long can I expect my limit order to remain active on the platform?
3 answers
- Dec 16, 2021 · 3 years agoWhen you place a limit order on Binance, it will remain open until it is either filled or canceled by you. This means that the duration for which a limit order is open on Binance can vary depending on market conditions and your actions. If the limit order is not filled within a certain timeframe, you may choose to cancel it manually or let it remain open until it is executed. It's important to note that Binance does not have a specific time limit for limit orders, as they can remain open indefinitely.
- Dec 16, 2021 · 3 years agoLimit orders on Binance are typically open until they are filled or canceled. Unlike market orders that are executed immediately, limit orders allow you to set a specific price at which you want to buy or sell a cryptocurrency. As long as the market price reaches your specified limit price, your order will remain open and wait for execution. However, if the market price fails to reach your limit price, your order will stay open until you manually cancel it or it gets filled at a later time.
- Dec 16, 2021 · 3 years agoWhen it comes to limit orders on Binance, the duration for which they are open is not fixed. It depends on various factors such as market conditions, liquidity, and the specific instructions you set for your order. Binance aims to provide a seamless trading experience, allowing users to have control over their orders. Therefore, limit orders can remain open for as long as necessary until they are filled or canceled by the user. If you have any specific concerns or questions regarding the duration of your limit orders, it's always a good idea to reach out to Binance's customer support for assistance.
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