How does the 'fill or kill' order type work in digital currency trading?

3 answers

• Smit ThakkarAug 14, 2024 · a year ago
  The 'fill or kill' order type in digital currency trading is designed to ensure that an order is executed immediately and in its entirety, or not at all. When you place a 'fill or kill' order, the exchange will attempt to fill the order completely. If it cannot be filled immediately, the order will be canceled. This type of order is useful for traders who want to avoid partial fills or delays in execution, as it guarantees that the entire order will be executed or none of it will be.
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• thomasAndersonSep 18, 2022 · 3 years ago
  In digital currency trading, the 'fill or kill' order type is like an all-or-nothing deal. It means that if the exchange cannot fill your order completely, it won't execute any part of it. This can be useful when you want to buy or sell a specific amount of a digital currency and don't want to end up with a partial fill. However, keep in mind that using 'fill or kill' orders may limit your chances of getting your order filled, especially if there is low liquidity in the market.
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• ahneeyuhAug 24, 2021 · 4 years ago
  When it comes to the 'fill or kill' order type in digital currency trading, BYDFi has implemented this feature to provide traders with more control over their orders. With a 'fill or kill' order, you can ensure that your order is either executed in full or not at all. This can be particularly useful for traders who want to avoid partial fills and ensure that their orders are executed immediately. However, it's important to note that the success of a 'fill or kill' order depends on market conditions and liquidity, so it's always a good idea to consider these factors before using this order type.
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