How can I avoid having my order cancelled in the cryptocurrency market?

Nareshkumar boinaNov 15, 2020 · 5 years ago3 answers

I recently placed an order in the cryptocurrency market, but it got cancelled. How can I prevent this from happening again?

3 answers

Asmussen MccallOct 17, 2024 · 9 months ago
To avoid having your order cancelled in the cryptocurrency market, make sure you have sufficient funds in your account to cover the order. Also, double-check the trading pair and order type before placing the order to ensure accuracy. Additionally, consider placing limit orders instead of market orders, as limit orders give you more control over the price at which your order gets executed.
Chris HartOct 30, 2020 · 5 years ago
Order cancellations in the cryptocurrency market can be frustrating, but there are a few steps you can take to minimize the chances of it happening. Firstly, ensure that you have completed any necessary verification processes on the exchange platform you are using. This will help prevent any potential issues with your account. Secondly, keep an eye on the market conditions and avoid placing orders during periods of high volatility. Lastly, consider using reputable exchanges with a good track record of order execution.
Davin SmithMay 04, 2025 · 3 months ago
At BYDFi, we understand the importance of order execution in the cryptocurrency market. To avoid order cancellations, it's crucial to choose a reliable exchange platform that prioritizes order execution. Look for exchanges with high liquidity and a strong reputation in the industry. Additionally, make sure to carefully review the trading rules and regulations of the exchange you're using to ensure compliance and minimize the risk of order cancellations.