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Is it possible to cancel a limit order for Bitcoin after it has been placed?

avatarMD HanifDec 15, 2021 · 3 years ago3 answers

I placed a limit order for Bitcoin on a cryptocurrency exchange, but now I want to cancel it. Is it possible to cancel a limit order for Bitcoin after it has been placed?

Is it possible to cancel a limit order for Bitcoin after it has been placed?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, it is possible to cancel a limit order for Bitcoin after it has been placed. Most cryptocurrency exchanges provide an option to cancel or modify orders. You can usually find this option in the 'Open Orders' or 'Order History' section of the exchange's platform. Simply locate the order you want to cancel and click on the cancel button. Keep in mind that there may be a time limit for canceling orders, so it's best to act quickly.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! You can cancel a limit order for Bitcoin even after it has been placed. Just go to the 'My Orders' or 'Open Orders' section on the exchange platform and find the specific order you want to cancel. Click on the cancel button, and voila! Your order will be canceled. It's important to note that some exchanges may charge a small fee for canceling orders, so make sure to check the exchange's fee structure beforehand.
  • avatarDec 15, 2021 · 3 years ago
    Yes, you can cancel a limit order for Bitcoin after it has been placed. For example, on BYDFi, a popular cryptocurrency exchange, you can easily cancel your limit order by going to the 'Open Orders' section and clicking on the cancel button next to the order. However, it's important to note that canceling an order may not be possible if it has already been partially or fully executed. In such cases, you may need to wait for the remaining portion of the order to be filled before you can cancel it.