What happens if I don't meet or exceed the minimum order quantity for digital currencies?
Aayan Ahmed TejaniJan 13, 2022 · 3 years ago3 answers
What are the consequences if I fail to meet or surpass the minimum order quantity requirement when trading digital currencies?
3 answers
- Jan 13, 2022 · 3 years agoIf you don't meet or exceed the minimum order quantity for digital currencies, your order may not be executed. Many exchanges have set a minimum order quantity to ensure liquidity and prevent small trades from causing price volatility. Therefore, it's important to check the minimum order quantity requirement before placing an order.
- Jan 13, 2022 · 3 years agoNot meeting the minimum order quantity for digital currencies can result in your order being rejected or canceled. This is because exchanges want to maintain a certain level of trading activity and avoid processing numerous small orders. It's advisable to review the minimum order quantity guidelines of the specific exchange you are trading on.
- Jan 13, 2022 · 3 years agoWhen it comes to BYDFi, if you fail to meet or exceed the minimum order quantity for digital currencies, your order will not be executed. BYDFi has implemented this requirement to ensure efficient trading and prevent excessive fragmentation of liquidity. Make sure to review the minimum order quantity specified by BYDFi before placing your trade.
Related Tags
Hot Questions
- 88
How can I buy Bitcoin with a credit card?
- 85
Are there any special tax rules for crypto investors?
- 70
What are the best digital currencies to invest in right now?
- 66
What are the advantages of using cryptocurrency for online transactions?
- 53
How does cryptocurrency affect my tax return?
- 52
What is the future of blockchain technology?
- 33
What are the tax implications of using cryptocurrency?
- 22
What are the best practices for reporting cryptocurrency on my taxes?