What is the meaning of GTC in the context of cryptocurrency trading?

3 answers

• Mar 19, 2022 · 3 years ago
  GTC stands for 'Good Till Cancelled' in the context of cryptocurrency trading. It refers to a type of order that remains active until it is either executed or manually cancelled by the trader. This means that if you place a GTC order to buy or sell a specific cryptocurrency at a certain price, the order will remain open until it is filled or you decide to cancel it. GTC orders are commonly used by traders who want to set specific price levels for their trades and are willing to wait for the market to reach those levels. It provides flexibility and convenience for traders who don't want to constantly monitor the market.
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• Mar 19, 2022 · 3 years ago
  GTC, short for 'Good Till Cancelled,' is a term used in cryptocurrency trading to describe an order that remains active until it is filled or manually cancelled. When you place a GTC order, it means that you want to buy or sell a specific cryptocurrency at a certain price, and you are willing to wait for the market to reach that price. This type of order is useful for traders who have specific price targets in mind and don't want to constantly monitor the market. It allows them to set their desired price levels and let the order stay open until it is executed or cancelled.
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• Mar 19, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, uses GTC orders to provide traders with flexibility and convenience. GTC stands for 'Good Till Cancelled,' which means that the order remains active until it is filled or manually cancelled. Traders can place GTC orders to buy or sell specific cryptocurrencies at their desired price levels and let the orders stay open until they are executed or cancelled. This allows traders to set their trading strategies and let the market work for them. GTC orders are commonly used by traders who want to set specific price targets and are willing to wait for the market to reach those levels.
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