Why is Coinbase canceling my orders and how can I avoid it?

3 answers

• Dec 25, 2021 · 3 years ago
  Coinbase may cancel your orders for various reasons. One possible reason is that the price of the cryptocurrency you're trying to buy or sell has changed significantly since you placed the order. Coinbase has a feature called 'price protection' that automatically cancels orders if the price moves by a certain percentage. This is to protect users from sudden price fluctuations. To avoid this, you can try placing limit orders instead of market orders, which allows you to set a specific price at which you want to buy or sell. This way, your order will only be executed if the price reaches your desired level.
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• Dec 25, 2021 · 3 years ago
  Another reason why Coinbase may cancel your orders is if there is insufficient liquidity in the market. This means that there are not enough buyers or sellers at the price you specified, so Coinbase cancels the order to prevent you from getting a bad deal. To avoid this, you can try placing orders during times of higher trading volume, as there is usually more liquidity in the market. Additionally, you can consider using other cryptocurrency exchanges that may have better liquidity for the specific cryptocurrency you're trading.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we understand the frustration of having your orders canceled. While we can't speak for Coinbase, we recommend double-checking your order details before placing them to ensure accuracy. It's also important to stay updated with Coinbase's terms and conditions, as they may have specific rules regarding order cancellations. If you're still experiencing issues, reaching out to Coinbase's customer support can provide you with more personalized assistance.
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