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How much time does a limit order stay active on Binance for Ripple trading?

avatarBlairMcGuire987Dec 27, 2021 · 3 years ago3 answers

I would like to know the duration for which a limit order remains active on Binance when trading Ripple. Can you provide me with the specific time frame during which my limit order will be valid?

How much time does a limit order stay active on Binance for Ripple trading?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    When you place a limit order on Binance for Ripple trading, the order will remain active until it is either filled or canceled. There is no specific time limit for how long a limit order can stay active. It will stay in the order book until the conditions of your order are met or you manually cancel it. This allows you to set your desired price and wait for the market to reach that level before executing the trade.
  • avatarDec 27, 2021 · 3 years ago
    A limit order on Binance for Ripple trading will stay active until it is executed or canceled. Unlike market orders that are executed immediately, limit orders are placed on the order book and wait for a buyer or seller to match the specified price. As long as your limit order is not filled, it will remain active until you decide to cancel it.
  • avatarDec 27, 2021 · 3 years ago
    When trading Ripple on Binance, the duration for which a limit order stays active depends on various factors such as market conditions and the price you set. Binance does not impose a specific time limit for limit orders. However, it's important to note that if your limit order is not filled within a reasonable time frame, it may be a good idea to reassess your trading strategy and adjust your price accordingly. Remember, patience is key in trading cryptocurrencies!