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How can I cancel my open orders on a cryptocurrency exchange?

avatarNPSTADec 16, 2021 · 3 years ago3 answers

I have placed some orders on a cryptocurrency exchange, but now I want to cancel them. How can I cancel my open orders on a cryptocurrency exchange? Can I do it manually or is there an automated process? I'm concerned about the potential impact on my trading strategy if I cancel these orders. Any advice or guidance would be appreciated.

How can I cancel my open orders on a cryptocurrency exchange?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    To cancel your open orders on a cryptocurrency exchange, you usually need to go to the 'Orders' or 'Trading' section of the exchange's website or app. Look for the list of your open orders and find the option to cancel them. It's usually a simple click or tap on the 'Cancel' button next to each order. Keep in mind that canceling an order may have implications for your trading strategy, so make sure to consider the potential impact before proceeding.
  • avatarDec 16, 2021 · 3 years ago
    Canceling open orders on a cryptocurrency exchange is typically a straightforward process. Just navigate to the 'Orders' or 'Trading' section of the exchange's platform, locate your open orders, and click on the 'Cancel' button next to each order you want to cancel. Be aware that canceling orders may incur fees or affect your trading strategy, so it's important to carefully evaluate the consequences before taking action.
  • avatarDec 16, 2021 · 3 years ago
    If you're using BYDFi as your cryptocurrency exchange, you can cancel your open orders by accessing the 'Orders' tab on the platform. From there, you'll see a list of your open orders, and you can cancel them by clicking on the 'Cancel' button next to each order. Remember to consider the potential impact on your trading strategy before canceling any orders.