Did the cancellation of the order affect my cryptocurrency balance?

5 answers

• Ahmed ShomanFeb 23, 2022 · 3 years ago
  Yes, the cancellation of an order can affect your cryptocurrency balance. When you place an order on a cryptocurrency exchange, the exchange will reserve the necessary amount of cryptocurrency in your wallet to fulfill that order. If you cancel the order before it is executed, the reserved amount will be released back to your wallet, thus affecting your balance. It's important to note that any fees associated with the order may still be deducted from your balance.
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• noonnn nnnJul 26, 2020 · 5 years ago
  Absolutely! When you cancel an order on a cryptocurrency exchange, the reserved funds for that order will be returned to your balance. This means that your cryptocurrency balance will be adjusted accordingly. However, keep in mind that any fees associated with the cancelled order may still be deducted from your balance. So, make sure to double-check your balance after cancelling an order to ensure everything is in order.
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• Copeland BaldwinJul 20, 2023 · 2 years ago
  Yes, cancelling an order on a cryptocurrency exchange will affect your cryptocurrency balance. When you cancel an order, the reserved funds for that order will be released back to your balance. This means that your balance will increase by the amount of the cancelled order. However, any fees associated with the order may still be deducted from your balance. So, while your balance will be adjusted, it's important to consider the impact of fees on your overall balance.
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• SUFIYAN AHMEDJul 15, 2024 · a year ago
  When you cancel an order on a cryptocurrency exchange, your cryptocurrency balance will be affected. The reserved funds for the cancelled order will be released back to your balance, resulting in an increase in your overall balance. However, it's worth noting that any fees associated with the cancelled order may still be deducted from your balance. So, while your balance will be adjusted, it's important to keep an eye on any fees that may impact your final balance.
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• Casaan CadeJan 19, 2023 · 3 years ago
  Yes, the cancellation of an order can affect your cryptocurrency balance. When you cancel an order, the reserved funds for that order will be released back to your balance. This means that your balance will increase by the amount of the cancelled order. However, it's important to note that any fees associated with the order may still be deducted from your balance. So, while your balance will be adjusted, it's crucial to consider the impact of fees on your overall balance. If you have any further questions about your cryptocurrency balance, feel free to reach out to our customer support team at BYDFi.
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