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Is it possible to reverse a cancelled order on a cryptocurrency exchange?

avatarRaziyehNabaviDec 25, 2021 · 3 years ago3 answers

Can a cancelled order on a cryptocurrency exchange be reversed? What are the steps to reverse a cancelled order? Is it common for cryptocurrency exchanges to allow order reversals?

Is it possible to reverse a cancelled order on a cryptocurrency exchange?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    No, once an order is cancelled on a cryptocurrency exchange, it cannot be reversed. When you cancel an order, it is permanently removed from the order book and cannot be reinstated. It is important to double-check your orders before confirming the cancellation to avoid any unintended consequences.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, reversing a cancelled order on a cryptocurrency exchange is not possible. Once an order is cancelled, it is considered final and cannot be undone. It is crucial to carefully review your orders before cancelling to prevent any potential loss or inconvenience.
  • avatarDec 25, 2021 · 3 years ago
    While most cryptocurrency exchanges do not allow the reversal of cancelled orders, there are some exceptions. For example, BYDFi, a popular cryptocurrency exchange, offers a feature that allows users to reverse cancelled orders within a certain time frame. However, this feature may not be available on all exchanges, so it is important to check the specific exchange's policies and terms of service.