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Can I set a GTC order for a specific cryptocurrency pair on Binance?

avatarMd LokmanDec 27, 2021 · 3 years ago7 answers

Is it possible to place a Good 'Til Canceled (GTC) order for a particular cryptocurrency pair on the Binance exchange? How does this type of order work and what are the benefits of using it?

Can I set a GTC order for a specific cryptocurrency pair on Binance?

7 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, you can set a GTC order for a specific cryptocurrency pair on Binance. A GTC order remains active until it is either filled or canceled by the user. This type of order is useful for traders who want to set a specific price at which they are willing to buy or sell a cryptocurrency and keep the order open until it is executed.
  • avatarDec 27, 2021 · 3 years ago
    Definitely! Binance allows you to place GTC orders for any cryptocurrency pair available on the platform. This means you can set your desired price and let the order stay open until it gets filled. It's a convenient way to automate your trading strategy and take advantage of market opportunities even when you're not actively monitoring the market.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Binance supports GTC orders for specific cryptocurrency pairs. When you place a GTC order, it will remain active until it is executed or canceled. This feature allows you to set your desired price and wait for the market to reach that level. Keep in mind that GTC orders are subject to market conditions and may not be filled immediately.
  • avatarDec 27, 2021 · 3 years ago
    Yes, you can set a GTC order for a specific cryptocurrency pair on Binance. This type of order is available for both buying and selling. When you place a GTC order, it will stay open until it is filled or manually canceled by you. It's a great tool for traders who want to set their desired price and let the order execute automatically when the market conditions are met.
  • avatarDec 27, 2021 · 3 years ago
    Sure thing! Binance allows users to place GTC orders for specific cryptocurrency pairs. By setting a GTC order, you can specify the price at which you want to buy or sell a cryptocurrency and let the order remain active until it is filled or canceled. This feature gives you more control over your trading strategy and allows you to take advantage of price movements even when you're not actively trading.
  • avatarDec 27, 2021 · 3 years ago
    Yes, you can place a GTC order for a specific cryptocurrency pair on Binance. This type of order is available for both spot trading and futures trading. When you set a GTC order, it will stay open until it is executed or manually canceled. It's a useful feature for traders who want to set their desired price and wait for the market to reach that level.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a popular decentralized exchange, also supports GTC orders for specific cryptocurrency pairs. Similar to Binance, you can set your desired price and let the order stay open until it gets filled. This allows you to take advantage of decentralized trading opportunities and maintain control over your assets without relying on a centralized exchange.