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How can I place a good until cancelled order on a cryptocurrency exchange?

avatarNEZHA BGDec 25, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I want to know how to place a good until cancelled order on a cryptocurrency exchange. Can someone guide me through the process step by step?

How can I place a good until cancelled order on a cryptocurrency exchange?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure, I'd be happy to help you with that! Placing a good until cancelled (GTC) order on a cryptocurrency exchange is quite simple. First, log in to your exchange account and navigate to the trading section. Find the option to create a new order and select the cryptocurrency pair you want to trade. Choose the GTC order type and enter the desired price and quantity. Finally, click the 'Place Order' button to submit your GTC order. It will remain active until it is filled or manually canceled.
  • avatarDec 25, 2021 · 3 years ago
    Placing a good until cancelled order on a cryptocurrency exchange is a common practice for traders who want to set a specific price at which they are willing to buy or sell a cryptocurrency. It allows you to set your desired price and wait for the market to reach that level. Once the order is placed, it will remain active until it is filled or manually canceled. This type of order provides flexibility and convenience for traders who want to execute their trades at specific price levels.
  • avatarDec 25, 2021 · 3 years ago
    To place a good until cancelled order on a cryptocurrency exchange, you can use the trading platform provided by BYDFi. BYDFi offers a user-friendly interface that allows you to easily create and manage GTC orders. Simply log in to your BYDFi account, navigate to the trading section, select the cryptocurrency pair you want to trade, and choose the GTC order type. Enter the desired price and quantity, and click the 'Place Order' button to submit your GTC order. It's that simple!