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Are there any fees associated with canceling a cryptocurrency order?

avatarDianna ElamDec 26, 2021 · 3 years ago3 answers

What are the fees associated with canceling a cryptocurrency order? Do different exchanges have different fee structures for order cancellations?

Are there any fees associated with canceling a cryptocurrency order?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    When it comes to canceling a cryptocurrency order, the fees can vary depending on the exchange you are using. Some exchanges may charge a small fee for canceling an order, while others may not charge any fees at all. It's important to check the fee structure of the specific exchange you are using to understand their policy on order cancellations. Keep in mind that these fees are usually minimal and are designed to discourage excessive order cancellations.
  • avatarDec 26, 2021 · 3 years ago
    Canceling a cryptocurrency order typically incurs a small fee, but the exact amount can vary depending on the exchange. It's common for exchanges to charge a small percentage of the order value as a cancellation fee. However, some exchanges may have a flat fee structure for order cancellations. It's always a good idea to review the fee schedule of the exchange you are using to understand the specific fees associated with canceling an order.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, there are no fees associated with canceling a cryptocurrency order. We believe in providing our users with a seamless trading experience, and that includes the ability to cancel orders without incurring any additional costs. However, it's important to note that this may not be the case for all exchanges. Each exchange has its own fee structure, so it's crucial to review the terms and conditions of the specific exchange you are using to understand their policy on order cancellations.