What happens if I try to sell my digital assets after the market closes?
Mathieu Bertrand-CollinDec 26, 2021 · 3 years ago3 answers
What are the consequences if I attempt to sell my digital assets after the market has closed for the day?
3 answers
- Dec 26, 2021 · 3 years agoIf you try to sell your digital assets after the market has closed, you won't be able to execute the trade immediately. The market closing means that trading activities have ceased for the day, and no new trades can be initiated until the market reopens. Your sell order will remain pending until the market opens again, and it will be executed based on the prevailing market conditions at that time.
- Dec 26, 2021 · 3 years agoSelling your digital assets after the market closes is like trying to buy ice cream from a closed ice cream shop. You can't do it! The market closing hours are set to ensure fair trading and prevent any manipulation or irregularities. So, if you miss the market closing time, you'll have to wait until it reopens to sell your assets.
- Dec 26, 2021 · 3 years agoWhen you sell your digital assets after the market closes, the trade will be processed once the market reopens. At BYDFi, for example, your sell order will be executed based on the current market price when the market opens. It's important to note that the market price can fluctuate during the time the market is closed, so the actual execution price may differ from the price at which you placed your sell order.
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