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What is the duration for an order to remain active on Binance?

avatarJames MerrymanDec 28, 2021 · 3 years ago3 answers

Can you please provide information on the duration for an order to remain active on Binance? How long does an order stay open on Binance before it expires or gets canceled?

What is the duration for an order to remain active on Binance?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    On Binance, the duration for an order to remain active depends on the type of order you place. For limit orders, they will remain active until they are filled or canceled by you. Market orders, on the other hand, are executed immediately and do not remain open. Stop-limit orders have a duration as well, where the order will remain active until the stop price is triggered or the limit price is reached. It's important to note that if an order is not filled within a certain time frame, it may be automatically canceled by the system.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to order duration on Binance, it's all about the type of order you choose. If you place a limit order, it will stay active until it's filled or canceled. Market orders, on the contrary, are executed instantly and don't have a duration. Stop-limit orders have a duration too, and they will remain active until the stop price is triggered or the limit price is reached. Just keep in mind that if your order isn't filled within a specific timeframe, it might get automatically canceled.
  • avatarDec 28, 2021 · 3 years ago
    When trading on Binance, the duration for an order to remain active varies depending on the type of order. For limit orders, they will stay open until they are filled or canceled. Market orders are executed immediately and don't have a specific duration. Stop-limit orders, however, have a duration and will remain active until the stop price is triggered or the limit price is reached. It's worth noting that if an order isn't filled within a certain timeframe, it may be automatically canceled by the system. Please note that this information is specific to Binance and may differ on other exchanges.