Can the GDAX fill or kill order type be used for both buying and selling cryptocurrencies?

3 answers

• Nikolos DolidzeAug 26, 2024 · a year ago
  Yes, the GDAX fill or kill order type can be used for both buying and selling cryptocurrencies. This order type is designed to execute the entire order immediately or cancel it completely. It is commonly used when traders want to ensure that their order is filled in its entirety or not filled at all. The advantage of using this order type is that it helps prevent partial fills and reduces the risk of slippage. However, the disadvantage is that if the order cannot be filled immediately, it will be canceled and the trader will have to place a new order. Overall, the GDAX fill or kill order type provides a way for traders to have more control over their order execution.
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• noyonOct 13, 2022 · 3 years ago
  Absolutely! The GDAX fill or kill order type is suitable for both buying and selling cryptocurrencies. When you place a fill or kill order, it means that you want the entire order to be executed immediately. If the exchange cannot fill the order completely, it will cancel the entire order. This order type is useful when you want to avoid partial fills and ensure that your order is executed as a whole. However, keep in mind that if the market conditions are not favorable, your order may be canceled and you will have to place a new order. So, it's important to consider the market liquidity and volatility before using this order type.
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• Ehsaan SethMay 30, 2024 · a year ago
  Yes, the GDAX fill or kill order type can be used for both buying and selling cryptocurrencies. This order type is available on GDAX, which is a popular cryptocurrency exchange. When you place a fill or kill order, it means that you want the entire order to be executed immediately or canceled completely. This order type is useful when you want to avoid partial fills and ensure that your order is executed as a whole. However, it's important to note that if the market conditions are not favorable, your order may be canceled and you will have to place a new order. So, it's always a good idea to monitor the market and adjust your trading strategy accordingly.
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