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How long do limit orders last on Binance?

avatar1ahmetemanetDec 15, 2021 · 3 years ago3 answers

Can you please explain how long limit orders last on Binance? I'm new to trading and would like to understand the duration of limit orders on this platform.

How long do limit orders last on Binance?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Limit orders on Binance last until they are either filled or canceled by the user. When you place a limit order, you specify the price at which you want to buy or sell a particular cryptocurrency. If the market reaches your specified price, the order will be executed. If the order is not filled immediately, it will remain open until it is either filled or manually canceled by you. It's important to note that limit orders do not expire on Binance.
  • avatarDec 15, 2021 · 3 years ago
    When you place a limit order on Binance, it will remain active until it is filled or canceled. This means that if the market conditions are not favorable and the price does not reach your specified limit, the order will stay open until it is either executed or manually canceled by you. It's a good strategy to set limit orders with a longer time horizon if you're not in a rush to buy or sell.
  • avatarDec 15, 2021 · 3 years ago
    Limit orders on Binance have no expiration date. They will remain active until they are filled or canceled by the user. This means that if you place a limit order on Binance, it will stay open until the market reaches your specified price or until you decide to cancel the order. It's important to regularly monitor your limit orders to ensure they are still relevant to the current market conditions.