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How can I use the all-or-none order type to trade cryptocurrencies?

avatarRoss UpchurchDec 26, 2021 · 3 years ago3 answers

Can you explain how the all-or-none order type works when trading cryptocurrencies? I'm not sure how it differs from other order types and how it can benefit me as a trader.

How can I use the all-or-none order type to trade cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The all-or-none order type is a trading option that ensures your order is executed in its entirety or not at all. This means that if you place an all-or-none order to buy or sell a cryptocurrency, the exchange will only execute the order if it can be filled completely. If the exchange cannot fulfill the order in full, it will not execute any part of it. This order type can be useful if you want to avoid partial fills and prefer to have your order executed only when all the required units are available.
  • avatarDec 26, 2021 · 3 years ago
    Using the all-or-none order type in cryptocurrency trading can be beneficial in certain situations. For example, if you're trading a low-liquidity cryptocurrency and want to avoid partial fills, placing an all-or-none order ensures that your order will only be executed when there are enough buyers or sellers to fulfill it completely. This can help you avoid getting stuck with a partially filled order and potentially missing out on trading opportunities.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we offer the all-or-none order type as an option for our traders. This order type can be particularly useful for traders who want to ensure that their orders are executed in full and avoid any partial fills. By using the all-or-none order type, you can have more control over your trading strategy and minimize the risk of unexpected partial fills.