What are the different time in force options for buying and selling cryptocurrencies?

3 answers

• Dahlgaard ThorupOct 25, 2023 · 2 years ago
  When it comes to buying and selling cryptocurrencies, there are several time in force options that you can choose from. The most common ones include 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). GTC orders remain active until they are manually cancelled, allowing you to buy or sell at any time. IOC orders are executed immediately, and any unfilled portion is cancelled. FOK orders must be filled completely or they are cancelled. These options give you flexibility and control over your trades, allowing you to adapt to market conditions and execute your trading strategies effectively.
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• Moore AllisonFeb 22, 2025 · 5 months ago
  Alright, let's break it down. The 'Good Till Cancelled' (GTC) option is like a long-term commitment. It means your order will remain active until you manually cancel it. This can be useful if you want to buy or sell at a specific price and are willing to wait for the market to reach that point. On the other hand, 'Immediate or Cancel' (IOC) orders are executed immediately, and any portion that cannot be filled is cancelled. This option is great if you want to prioritize speed over getting the entire order filled. Lastly, 'Fill or Kill' (FOK) orders must be filled entirely or they are cancelled. This option ensures that you either get the full order executed or none of it. It's ideal if you want to avoid partial fills and want to be sure that your order is completed in one go.
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• pushkaradityaOct 22, 2023 · 2 years ago
  At BYDFi, we offer a range of time in force options for buying and selling cryptocurrencies. These options include 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). GTC orders remain active until they are manually cancelled, allowing you to buy or sell at any time. IOC orders are executed immediately, and any unfilled portion is cancelled. FOK orders must be filled completely or they are cancelled. These options give you the flexibility to adapt to market conditions and execute your trading strategies effectively. It's important to choose the right time in force option based on your trading goals and risk tolerance.
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