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What happens if I cancel a sell order on a crypto trading platform?

avatarPayne MarshallDec 28, 2021 · 3 years ago3 answers

If I cancel a sell order on a crypto trading platform, what will happen to my cryptocurrency? Will it be returned to my account immediately?

What happens if I cancel a sell order on a crypto trading platform?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    When you cancel a sell order on a crypto trading platform, the cryptocurrency you intended to sell will be returned to your account. However, the time it takes for the cryptocurrency to be returned may vary depending on the platform you are using. Some platforms may return the cryptocurrency immediately, while others may take a few minutes or even hours to process the cancellation and return the funds to your account. It's important to check the specific policies of the trading platform you are using to understand the exact process and timeline for canceling sell orders.
  • avatarDec 28, 2021 · 3 years ago
    If you cancel a sell order on a crypto trading platform, your cryptocurrency will be returned to your account. The exact time it takes for the cryptocurrency to be returned may depend on the platform you are using. Some platforms have instant cancellation processes, where the cryptocurrency is returned to your account immediately. However, other platforms may have a delay in processing the cancellation, and it may take some time for the cryptocurrency to be returned. It's always a good idea to check the platform's terms and conditions or contact their customer support for more information on their specific cancellation process.
  • avatarDec 28, 2021 · 3 years ago
    When you cancel a sell order on a crypto trading platform like BYDFi, your cryptocurrency will be returned to your account. BYDFi has a quick and efficient cancellation process, and the cryptocurrency is usually returned to your account immediately. However, it's important to note that the exact process may vary depending on the platform you are using. Some platforms may have different cancellation policies and timelines, so it's always a good idea to check the specific platform's terms and conditions or contact their customer support for accurate information.