What does GTC mean in the context of cryptocurrency trading?

3 answers

• Dec 28, 2021 · 3 years ago
  GTC stands for Good 'Til Canceled, which is a type of order that remains active until it is either filled or canceled by the trader. When a trader places a GTC order, it means that the order will stay in the order book until the conditions specified in the order are met. This type of order is commonly used by traders who want to set specific price levels for buying or selling cryptocurrencies and are willing to wait for the market to reach those levels. GTC orders provide flexibility and convenience for traders, allowing them to set their desired price points and execute trades even when they are not actively monitoring the market.
  639320
• Dec 28, 2021 · 3 years ago
  GTC is short for Good 'Til Canceled, a term used in cryptocurrency trading to describe an order that remains open until it is manually canceled by the trader or executed. It is a popular order type among traders who want to set specific price levels for buying or selling cryptocurrencies. GTC orders are advantageous because they allow traders to take advantage of potential price movements without having to constantly monitor the market. However, it's important to note that GTC orders may not be suitable for all trading strategies, as they can remain open for an extended period of time and may not be executed immediately.
  628210
• Dec 28, 2021 · 3 years ago
  GTC, or Good 'Til Canceled, is a term commonly used in cryptocurrency trading to refer to an order that remains active until it is filled or canceled. When a trader places a GTC order, it means that the order will stay in the order book until it is executed or manually canceled by the trader. This type of order is useful for traders who want to set specific price levels for buying or selling cryptocurrencies and are willing to wait for the market to reach those levels. GTC orders provide flexibility and convenience for traders, allowing them to set their desired price points and execute trades even when they are not actively monitoring the market. It's important to note that GTC orders may remain open for an extended period of time and may not be executed immediately, depending on market conditions.
  810203