What are the advantages of using AON in the cryptocurrency market?

3 answers

• Dec 27, 2021 · 3 years ago
  The All-or-None (AON) order type is a useful tool for cryptocurrency traders. With AON orders, traders can specify that their order must be executed in its entirety or not at all. This means that if the exchange cannot fill the entire order, it will be canceled instead of being partially filled. This can be advantageous in situations where traders want to ensure that their order is executed as a whole, such as when they want to buy or sell a specific quantity of a cryptocurrency at a specific price. By using AON orders, traders can avoid having their orders partially filled and potentially missing out on favorable market conditions.
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• Dec 27, 2021 · 3 years ago
  AON orders can also help traders avoid paying excessive fees. When an order is partially filled, traders may have to pay multiple transaction fees, which can add up quickly. By using AON orders, traders can reduce the number of transactions and therefore the fees they have to pay. This can be especially beneficial for high-frequency traders who place a large number of orders. Additionally, AON orders can help prevent slippage, which is the difference between the expected price of a trade and the price at which the trade is actually executed. By ensuring that the entire order is executed at the desired price, traders can minimize slippage and potentially increase their profits.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we understand the importance of providing our users with a wide range of order types to suit their trading strategies. That's why we offer the All-or-None (AON) order type on our platform. With AON orders, our users can have more control over their trades and ensure that their orders are executed according to their specific requirements. Whether you're a beginner or an experienced trader, AON orders can be a valuable tool in your trading arsenal. Give it a try and see how it can enhance your trading experience on BYDFi!
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