Do different cryptocurrency exchanges have different rules or options for setting expiration and GTC orders?
Sandeep ChakarbortyDec 27, 2021 · 3 years ago3 answers
Are there any variations in the rules or options for setting expiration and Good 'Til Canceled (GTC) orders among different cryptocurrency exchanges?
3 answers
- Dec 27, 2021 · 3 years agoYes, different cryptocurrency exchanges may have different rules and options for setting expiration and GTC orders. Some exchanges may offer more flexibility in terms of setting expiration dates or allow users to customize the duration of their GTC orders. On the other hand, some exchanges may have stricter rules and predefined expiration periods for orders. It's important for traders to familiarize themselves with the specific rules and options of each exchange they use to ensure their orders are set according to their preferences.
- Dec 27, 2021 · 3 years agoAbsolutely! Each cryptocurrency exchange has its own set of rules and options when it comes to expiration and GTC orders. Some exchanges may allow users to set specific expiration dates or choose from predefined timeframes, while others may only offer standard expiration periods. Additionally, the duration of GTC orders may vary between exchanges, with some allowing indefinite validity and others imposing limits. It's crucial for traders to review the terms and conditions of each exchange to understand the available options and make informed decisions.
- Dec 27, 2021 · 3 years agoIndeed, different cryptocurrency exchanges do have varying rules and options for expiration and GTC orders. For example, at BYDFi, a popular exchange, users can set custom expiration dates for their orders and enjoy the flexibility of GTC orders that remain active until manually canceled. However, it's worth noting that not all exchanges offer such extensive options. Some exchanges may have predefined expiration periods and limited flexibility for GTC orders. Traders should research and compare the features of different exchanges to find the ones that align with their trading strategies and preferences.
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