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Can you explain the difference between a GTC limit order and other types of orders in the cryptocurrency market?

avatarUnknown_JayGradNov 23, 2021 · 3 years ago1 answers

In the cryptocurrency market, what is the difference between a GTC limit order and other types of orders? How do they work and what are their advantages and disadvantages?

Can you explain the difference between a GTC limit order and other types of orders in the cryptocurrency market?
Cryptocurrency
GTC Limit Order
Types Of Orders

1 answers

  • avatarNov 23, 2021 · 3 years ago
    At BYDFi, we offer GTC limit orders as one of the order types available on our platform. Traders can use GTC limit orders to set their desired buy or sell price for a cryptocurrency. Our platform provides a user-friendly interface for placing and managing GTC limit orders, allowing traders to have more control over their trades. However, it is important to note that the execution of GTC limit orders depends on market conditions and liquidity, and there is no guarantee that the order will be filled at the desired price.

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