What are the differences between GTC and GTC Ext in the context of cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  GTC and GTC Ext are both types of order durations used in cryptocurrency trading. GTC orders remain active until they are either executed or canceled by the trader. On the other hand, GTC Ext orders have an extended duration and can remain active for a longer period of time, typically up to 30 days. This allows traders to keep their orders open for a longer time, increasing the chances of execution. Both GTC and GTC Ext orders are commonly used by traders to automate their trading strategies and take advantage of market opportunities.
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• Dec 27, 2021 · 3 years ago
  When it comes to GTC and GTC Ext orders in cryptocurrencies, the main difference lies in their duration. GTC orders are typically valid until they are filled or manually canceled by the trader. On the other hand, GTC Ext orders have an extended validity period, usually up to 30 days. This means that GTC Ext orders can remain active for a longer time, giving traders more flexibility and convenience in managing their trading positions. Whether you prefer GTC or GTC Ext orders depends on your trading strategy and the specific market conditions you are dealing with.
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• Dec 27, 2021 · 3 years ago
  In the context of cryptocurrencies, GTC and GTC Ext orders serve similar purposes but with different durations. GTC orders are valid until they are executed or canceled, while GTC Ext orders have an extended validity period of up to 30 days. This extended duration allows traders to keep their orders open for a longer time, which can be beneficial in volatile markets where price movements may take longer to reach desired levels. GTC and GTC Ext orders are commonly used by traders to automate their trading strategies and take advantage of market opportunities. It's important to note that the availability of GTC and GTC Ext orders may vary across different cryptocurrency exchanges, so it's always recommended to check the specific trading features offered by your chosen exchange.
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