What are some examples of 'fill or kill' orders in cryptocurrency trading?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! 'Fill or kill' orders are a type of order in cryptocurrency trading where the order must be executed immediately and completely, or it will be canceled. For example, let's say you want to buy 10 Bitcoin at a specific price. If there are enough sellers to fulfill your order, it will be executed and you will get the 10 Bitcoin. However, if there are not enough sellers to fulfill your order, the entire order will be canceled and you will not get any Bitcoin. 'Fill or kill' orders are useful when you want to ensure that your order is executed immediately and you don't want any partial fills.
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• Dec 25, 2021 · 3 years ago
  Fill or kill orders are like the 'all or nothing' of cryptocurrency trading. They are designed to ensure that your order is either completely filled or not filled at all. Let's say you want to sell 100 Ethereum at a specific price. If there are enough buyers to buy all 100 Ethereum, your order will be executed and you will sell all of your Ethereum. However, if there are not enough buyers to buy all 100 Ethereum, your order will be canceled and you will keep your Ethereum. 'Fill or kill' orders are a way to minimize the risk of partial fills and ensure that you get the price you want.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers 'fill or kill' orders for its users. These orders are particularly useful for traders who want to execute large orders quickly and avoid partial fills. With a 'fill or kill' order on BYDFi, if there are enough sellers to fulfill your order, it will be executed immediately and completely. However, if there are not enough sellers, the entire order will be canceled. BYDFi's 'fill or kill' orders provide traders with the assurance that their orders will be executed as intended.
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