What happens if I input the incorrect price on Binance?

What are the consequences if I mistakenly enter the wrong price for a trade on Binance? Will the trade still go through or will it be canceled?

7 answers
- If you input the incorrect price for a trade on Binance, the trade will still go through at the price you entered. However, it may not be executed immediately if the market price is significantly different from the price you entered. In such cases, your trade will be placed in the order book and will be executed when the market price reaches the price you entered. It's important to double-check the price before confirming a trade to avoid any unintended consequences.
Mar 19, 2022 · 3 years ago
- Don't worry, if you accidentally enter the wrong price on Binance, your trade will still be processed. However, keep in mind that the execution of the trade may be delayed if the market price is far off from the price you entered. So, it's always a good idea to verify the price before finalizing a trade to ensure you get the desired outcome.
Mar 19, 2022 · 3 years ago
- When you input the incorrect price on Binance, your trade will still be executed at the price you specified. However, if the market price is significantly different from the price you entered, your trade may not be executed immediately. Instead, it will be placed in the order book and will be fulfilled when the market price matches the price you entered. This ensures that you have a fair chance of getting the trade executed at your desired price.
Mar 19, 2022 · 3 years ago
- If you mistakenly input the wrong price on Binance, don't panic! Your trade will still go through, but it may not be executed immediately if the market price is far off from the price you entered. Instead, it will be queued in the order book and will be processed once the market price reaches the price you specified. Just remember to double-check the price before confirming a trade to avoid any surprises.
Mar 19, 2022 · 3 years ago
- As an expert in the field, I can assure you that if you input the incorrect price on Binance, your trade will still be executed. However, if the market price is significantly different from the price you entered, your trade may not be executed immediately. Instead, it will be placed in the order book and will be fulfilled when the market price matches the price you entered. This ensures a fair trading environment for all participants.
Mar 19, 2022 · 3 years ago
- When you enter the wrong price on Binance, your trade will still be processed. However, if the market price is significantly different from the price you entered, your trade may not be executed immediately. Instead, it will be placed in the order book and will be executed when the market price reaches the price you entered. This mechanism ensures that you have a chance to get your trade executed at your desired price, even if you made a mistake.
Mar 19, 2022 · 3 years ago
- At BYDFi, we understand that mistakes happen. If you input the incorrect price on Binance, your trade will still be executed. However, if the market price is significantly different from the price you entered, your trade may not be executed immediately. Instead, it will be placed in the order book and will be fulfilled when the market price matches the price you entered. This ensures a fair trading experience for all users on the platform.
Mar 19, 2022 · 3 years ago
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