What happens if I input the incorrect price on Binance?
Mouatamid HankachDec 26, 2021 · 3 years ago7 answers
What are the consequences if I mistakenly enter the wrong price for a trade on Binance? Will the trade still go through or will it be canceled?
7 answers
- Dec 26, 2021 · 3 years agoIf you input the incorrect price for a trade on Binance, the trade will still go through at the price you entered. However, it may not be executed immediately if the market price is significantly different from the price you entered. In such cases, your trade will be placed in the order book and will be executed when the market price reaches the price you entered. It's important to double-check the price before confirming a trade to avoid any unintended consequences.
- Dec 26, 2021 · 3 years agoDon't worry, if you accidentally enter the wrong price on Binance, your trade will still be processed. However, keep in mind that the execution of the trade may be delayed if the market price is far off from the price you entered. So, it's always a good idea to verify the price before finalizing a trade to ensure you get the desired outcome.
- Dec 26, 2021 · 3 years agoWhen you input the incorrect price on Binance, your trade will still be executed at the price you specified. However, if the market price is significantly different from the price you entered, your trade may not be executed immediately. Instead, it will be placed in the order book and will be fulfilled when the market price matches the price you entered. This ensures that you have a fair chance of getting the trade executed at your desired price.
- Dec 26, 2021 · 3 years agoIf you mistakenly input the wrong price on Binance, don't panic! Your trade will still go through, but it may not be executed immediately if the market price is far off from the price you entered. Instead, it will be queued in the order book and will be processed once the market price reaches the price you specified. Just remember to double-check the price before confirming a trade to avoid any surprises.
- Dec 26, 2021 · 3 years agoAs an expert in the field, I can assure you that if you input the incorrect price on Binance, your trade will still be executed. However, if the market price is significantly different from the price you entered, your trade may not be executed immediately. Instead, it will be placed in the order book and will be fulfilled when the market price matches the price you entered. This ensures a fair trading environment for all participants.
- Dec 26, 2021 · 3 years agoWhen you enter the wrong price on Binance, your trade will still be processed. However, if the market price is significantly different from the price you entered, your trade may not be executed immediately. Instead, it will be placed in the order book and will be executed when the market price reaches the price you entered. This mechanism ensures that you have a chance to get your trade executed at your desired price, even if you made a mistake.
- Dec 26, 2021 · 3 years agoAt BYDFi, we understand that mistakes happen. If you input the incorrect price on Binance, your trade will still be executed. However, if the market price is significantly different from the price you entered, your trade may not be executed immediately. Instead, it will be placed in the order book and will be fulfilled when the market price matches the price you entered. This ensures a fair trading experience for all users on the platform.
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