How can I avoid having my cryptocurrency orders cancelled?

6 answers

• Mar 26, 2022 · 3 years ago
  One way to avoid having your cryptocurrency orders cancelled is to ensure that you have enough funds in your trading account to cover the order. Sometimes, orders are cancelled due to insufficient funds. Make sure to check your account balance before placing an order.
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• Mar 26, 2022 · 3 years ago
  Another reason for cancelled orders is when the price of the cryptocurrency moves too quickly. This can trigger a cancellation to protect traders from sudden price fluctuations. To avoid this, you can set limit orders instead of market orders. Limit orders allow you to set a specific price at which you want to buy or sell, and your order will only be executed if the price reaches that level.
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• Mar 26, 2022 · 3 years ago
  If you're using BYDFi, you can avoid having your cryptocurrency orders cancelled by using their advanced order types. BYDFi offers features like stop-limit orders and trailing stop orders, which can help you protect your orders from being cancelled in volatile market conditions. These order types allow you to set specific conditions for your orders, such as a stop price or a trailing percentage, to ensure that your orders are executed at the desired price.
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• Mar 26, 2022 · 3 years ago
  Sometimes, cancelled orders can be caused by technical issues on the exchange's side. In such cases, it's best to contact the exchange's customer support for assistance. They can help you investigate the issue and provide a solution or explanation for the cancelled orders.
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• Mar 26, 2022 · 3 years ago
  To avoid having your cryptocurrency orders cancelled, it's important to stay updated with the latest news and market trends. Sudden news events or market movements can lead to increased volatility and potential order cancellations. By staying informed, you can make more informed trading decisions and reduce the risk of having your orders cancelled.
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• Mar 26, 2022 · 3 years ago
  One last tip to avoid cancelled orders is to double-check your order details before submitting. Make sure you've selected the correct trading pair, order type, and quantity. Simple mistakes can sometimes lead to order cancellations, so it's always a good idea to review your order before confirming it.
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