What are the reasons for a cancelled order in the cryptocurrency market?

3 answers

• limu593Apr 21, 2021 · 4 years ago
  One common reason for a cancelled order in the cryptocurrency market is insufficient funds. If a trader does not have enough funds in their account to cover the order, it will be automatically cancelled. It's important for traders to ensure they have enough funds before placing an order to avoid cancellations.
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• Clifford ArnoldJul 27, 2021 · 4 years ago
  Another reason for a cancelled order is when the price of the cryptocurrency moves too quickly. If the price changes significantly between the time the order is placed and the time it is executed, the order may be cancelled to prevent traders from getting unfavorable prices. This is known as slippage protection and is a common feature in many trading platforms.
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• claudineMay 15, 2024 · a year ago
  At BYDFi, we prioritize the security and integrity of our platform. In some cases, orders may be cancelled if they are suspected to be fraudulent or involved in illegal activities. This is done to protect our users and maintain a fair trading environment. If you have any concerns about a cancelled order, please reach out to our support team for assistance.
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