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What are the key features and benefits of using the 'fill or kill' option on GDAX for executing cryptocurrency trades?

avatarFuttrup StaffordDec 25, 2021 · 3 years ago3 answers

Can you explain the main features and advantages of using the 'fill or kill' option on GDAX for executing cryptocurrency trades?

What are the key features and benefits of using the 'fill or kill' option on GDAX for executing cryptocurrency trades?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    The 'fill or kill' option on GDAX is a useful tool for executing cryptocurrency trades. It allows traders to specify a certain price and quantity for their trade, and if the order cannot be filled immediately at that price, it will be canceled. This can help traders avoid partial fills and ensure that their orders are executed as intended. Additionally, the 'fill or kill' option can be particularly beneficial for traders who are looking to make large trades, as it helps minimize the impact of slippage and ensures that the entire order is executed at the desired price.
  • avatarDec 25, 2021 · 3 years ago
    Using the 'fill or kill' option on GDAX can be a great way to ensure that your cryptocurrency trades are executed exactly as you want them to be. By setting a specific price and quantity for your trade, you can avoid the frustration of partial fills and ensure that your order is either completely filled or canceled. This can be especially useful for traders who are looking to make quick and decisive trades, as it helps eliminate any uncertainty or delays in the execution process. Overall, the 'fill or kill' option on GDAX provides traders with greater control and flexibility when it comes to executing their cryptocurrency trades.
  • avatarDec 25, 2021 · 3 years ago
    The 'fill or kill' option on GDAX is a feature that allows traders to specify a certain price and quantity for their cryptocurrency trades. If the order cannot be filled immediately at the specified price, it will be canceled. This option can be particularly useful for traders who are looking to make large trades, as it helps minimize the risk of partial fills and ensures that the entire order is executed at the desired price. However, it's important to note that the 'fill or kill' option may not be suitable for all trading strategies, and traders should carefully consider their individual needs and goals before using this feature.