How does 'awaiting fulfillment' affect the process of buying or selling cryptocurrencies?
kishore goneDec 18, 2021 · 3 years ago3 answers
What is the impact of the 'awaiting fulfillment' status on the process of buying or selling cryptocurrencies? How does it affect the overall transaction experience?
3 answers
- Dec 18, 2021 · 3 years agoWhen a cryptocurrency transaction is marked as 'awaiting fulfillment,' it means that the order has been placed, but the execution is pending. This status typically occurs when there is a delay in matching the buyer with a seller or when there is a lack of liquidity in the market. As a result, the transaction may take longer to complete, and the buyer or seller may need to wait until the order is fulfilled. It is important for users to understand that this status is temporary and does not necessarily indicate any issues with the transaction.
- Dec 18, 2021 · 3 years agoThe 'awaiting fulfillment' status can have different implications for buyers and sellers. For buyers, it means that their order has been received and is in the process of being matched with a seller. They need to be patient and wait for the transaction to be completed. On the other hand, for sellers, it means that their cryptocurrency has been reserved for the buyer, and they need to wait for the buyer to complete the payment. During this time, the seller should not transfer or sell the reserved cryptocurrency to avoid any conflicts or issues with the transaction.
- Dec 18, 2021 · 3 years agoAt BYDFi, when a transaction is in the 'awaiting fulfillment' status, it means that the order has been placed, and the system is working on matching the buyer with a seller. This status is a normal part of the trading process, and it may take some time for the transaction to be completed. Users should not worry and should wait patiently for the order to be fulfilled. If there are any concerns or questions, users can reach out to our customer support for assistance.
Related Tags
Hot Questions
- 98
How does cryptocurrency affect my tax return?
- 81
What is the future of blockchain technology?
- 77
How can I protect my digital assets from hackers?
- 73
What are the best practices for reporting cryptocurrency on my taxes?
- 72
How can I minimize my tax liability when dealing with cryptocurrencies?
- 50
What are the tax implications of using cryptocurrency?
- 30
What are the best digital currencies to invest in right now?
- 18
Are there any special tax rules for crypto investors?