Are there any specific requirements or restrictions when using the sell limit order feature on Binance?

3 answers

• Swan Htet AungJul 10, 2020 · 5 years ago
  When using the sell limit order feature on Binance, there are a few requirements and restrictions to keep in mind. First, you need to have a verified Binance account in order to use this feature. This means you will need to complete the KYC (Know Your Customer) process and provide the necessary identification documents. Additionally, there may be minimum and maximum order size limits for sell limit orders, depending on the specific cryptocurrency you are trading. It's important to check the trading rules and guidelines for each cryptocurrency pair before placing a sell limit order. Lastly, Binance may impose certain restrictions on sell limit orders during periods of high market volatility or system maintenance. These restrictions are put in place to protect users and ensure fair trading. Overall, it's important to familiarize yourself with the requirements and restrictions specific to the sell limit order feature on Binance before placing any orders.
  965

  483
• sakthivelJul 27, 2023 · 2 years ago
  Using the sell limit order feature on Binance comes with a few requirements and restrictions that you should be aware of. Firstly, you need to have sufficient funds in your Binance account to cover the order amount you specify. If you don't have enough funds, the order will not be executed. Secondly, there may be certain price restrictions for sell limit orders. For example, you may not be able to set a sell limit order at a price that is too far away from the current market price. This is to prevent market manipulation and ensure fair trading. Lastly, Binance may have specific requirements for the duration of sell limit orders. Some orders may have a maximum duration, after which they will be automatically cancelled if not executed. It's important to review the trading rules and guidelines on Binance's website for more detailed information on these requirements and restrictions.
  892

  298
• SilberspechtAug 27, 2024 · a year ago
  When using the sell limit order feature on Binance, there are a few things to keep in mind. First and foremost, Binance is a leading cryptocurrency exchange known for its robust security measures. As such, you'll need to create an account and complete the necessary verification process before you can start trading. Once you have a verified account, you can place sell limit orders for various cryptocurrencies. However, it's important to note that Binance may have certain restrictions in place to ensure fair trading. For example, there may be minimum order size requirements or restrictions on the price deviation from the current market price. These measures are in place to prevent market manipulation and protect users. It's always a good idea to familiarize yourself with the specific requirements and restrictions for sell limit orders on Binance to ensure a smooth trading experience.
  894

  224