common-close-0
BYDFi
Trade wherever you are!

Can I use the 'market on close' order type for all cryptocurrencies?

avatarSteve BrueckDec 27, 2021 · 3 years ago3 answers

Is it possible to use the 'market on close' order type for all cryptocurrencies? I'm wondering if this order type is universally available across different cryptocurrency exchanges and if there are any limitations or restrictions when using it.

Can I use the 'market on close' order type for all cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, you can use the 'market on close' order type for most cryptocurrencies. This order type allows you to execute a trade at the market price during the closing period of the trading day. However, it's important to note that not all exchanges support this order type for every cryptocurrency. It's always a good idea to check with the specific exchange you're using to see if they offer 'market on close' orders for the cryptocurrencies you're interested in.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! 'Market on close' order type is available for many cryptocurrencies. It's a convenient way to execute trades at the prevailing market price during the closing period of the trading day. However, it's worth mentioning that not all exchanges provide this order type for all cryptocurrencies. It's recommended to check with your preferred exchange to ensure they support 'market on close' orders for the specific cryptocurrencies you wish to trade.
  • avatarDec 27, 2021 · 3 years ago
    Yes, you can use the 'market on close' order type for most cryptocurrencies. However, it's important to note that each exchange has its own set of supported order types and not all cryptocurrencies may have this option available. For example, BYDFi, a popular cryptocurrency exchange, offers the 'market on close' order type for a wide range of cryptocurrencies. It's always a good idea to check with your chosen exchange to see if they support this order type for the specific cryptocurrencies you're interested in trading.