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How can I prevent my Coinbase orders from being cancelled?

avatarEtty DashaDec 28, 2021 · 3 years ago3 answers

I have been experiencing issues with my Coinbase orders getting cancelled. Is there any way to prevent this from happening?

How can I prevent my Coinbase orders from being cancelled?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One possible reason for Coinbase orders getting cancelled is insufficient funds in your account. Make sure you have enough balance to cover the order. Additionally, ensure that your payment method is valid and up to date. If the issue persists, contact Coinbase support for further assistance.
  • avatarDec 28, 2021 · 3 years ago
    To prevent Coinbase orders from being cancelled, you can try placing limit orders instead of market orders. Limit orders allow you to set a specific price at which you want to buy or sell, which reduces the chances of your order being cancelled due to sudden price fluctuations. This gives you more control over your trades.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we recommend diversifying your trading across multiple exchanges to minimize the impact of order cancellations. While Coinbase is a popular exchange, it's always a good idea to have accounts on other reputable exchanges as well. This way, if your Coinbase order gets cancelled, you can quickly switch to another exchange to execute your trade.