Why does it take so long for siacoin to be filled on Binance?

3 answers

• Dec 27, 2021 · 3 years ago
  The delay in filling siacoin orders on Binance can be attributed to various factors. Firstly, siacoin is a relatively less popular cryptocurrency compared to major coins like Bitcoin or Ethereum. As a result, there might be lower liquidity and trading volume for siacoin on Binance, leading to longer wait times for orders to be filled. Additionally, the siacoin network itself might experience congestion or delays, which can further contribute to the delay in order execution. It's important to note that these delays are not specific to Binance and can occur on other exchanges as well.
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• Dec 27, 2021 · 3 years ago
  Well, the thing is, siacoin is not as widely traded as some of the other cryptocurrencies out there. Binance, being one of the largest exchanges, handles a massive amount of trading volume every day. However, siacoin might not attract as much trading activity as Bitcoin or Ethereum. This lower trading volume can result in longer wait times for siacoin orders to be filled. So, it's not really Binance's fault, it's just a matter of supply and demand.
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• Dec 27, 2021 · 3 years ago
  From my experience at BYDFi, I can tell you that siacoin orders taking longer to be filled on Binance is a common occurrence. This is primarily due to the lower trading volume and liquidity of siacoin on the exchange. Binance handles a large number of cryptocurrencies, and siacoin might not be among the most actively traded ones. As a result, it can take some time for siacoin orders to find a match and get executed. However, it's worth noting that Binance is constantly working to improve the trading experience for all cryptocurrencies, including siacoin.
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