Do limit orders on Binance have an expiration time?
BHUMIREDDY CHARAN KUMAR REDDYDec 28, 2021 · 3 years ago3 answers
I'm new to trading on Binance and I'm wondering if the limit orders I place on the platform have an expiration time. Can someone please clarify if there is a time limit for limit orders on Binance?
3 answers
- Dec 28, 2021 · 3 years agoYes, limit orders on Binance do have an expiration time. When you place a limit order, it will remain active until it is either filled or canceled by you. There is no specific expiration time for limit orders on Binance.
- Dec 28, 2021 · 3 years agoNo, limit orders on Binance do not have an expiration time. Once you place a limit order, it will remain active until it is filled or canceled by you. This gives you the flexibility to wait for the desired price without worrying about the order expiring.
- Dec 28, 2021 · 3 years agoYes, limit orders on Binance have an expiration time. According to the Binance API documentation, limit orders are valid for 1 day (86400 seconds) by default. However, you can specify a different expiration time when placing the order using the 'timeInForce' parameter. Keep in mind that if the order is not filled within the specified time, it will be automatically canceled.
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