How does a fill or kill stock order work in the context of cryptocurrency exchanges?

3 answers

• Kelvin Adi SaputraJul 03, 2020 · 5 years ago
  A fill or kill stock order is a type of order that is commonly used in cryptocurrency exchanges. It is designed to ensure that the order is executed immediately and in its entirety, or not executed at all. This means that if the exchange cannot fill the entire order at the specified price, the order will be canceled. The key benefit of using a fill or kill order is that it allows traders to avoid partial fills and ensures that they get the desired quantity of the cryptocurrency they are trading. This type of order is particularly useful for traders who want to execute large trades and minimize the risk of slippage.
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• Stacy KrierApr 18, 2022 · 3 years ago
  So, let's say you want to buy 100 Bitcoin at a specific price. You place a fill or kill order with the exchange, specifying the desired price and quantity. If the exchange can fill the entire order at that price, it will be executed immediately. However, if the exchange cannot fill the entire order, the order will be canceled. This means that you won't end up with a partial fill and you won't have to worry about the price moving against you while the order is being executed. It's a great way to ensure that you get the quantity you want at the price you want.
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• Normand WilliamsJan 09, 2025 · 6 months ago
  As an expert in the cryptocurrency industry, I can tell you that fill or kill orders are a common feature offered by many cryptocurrency exchanges. They provide traders with a way to execute large trades without the risk of partial fills. By using a fill or kill order, traders can ensure that they get the desired quantity of the cryptocurrency they are trading, while minimizing the risk of slippage. It's a great tool for professional traders who want to execute precise trades and avoid any surprises in the execution process.
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