How does the 'fill or kill' order type work in cryptocurrency exchanges?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! The 'fill or kill' order type is a feature offered by many cryptocurrency exchanges. When you place a 'fill or kill' order, you are essentially saying that you want your order to be executed immediately and in its entirety. If the exchange cannot fulfill your order completely, it will cancel the entire order instead of partially filling it. This type of order is useful when you want to ensure that you either get the full amount of the cryptocurrency you're buying or none at all. It helps prevent partial fills and allows you to avoid ending up with a fraction of a coin.
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• Nov 24, 2021 · 3 years ago
  The 'fill or kill' order type is like a take-it-or-leave-it deal. You're basically saying 'fill my order completely or kill it'. If the exchange can't fill your order immediately and fully, it will cancel the entire order. This type of order is useful when you want to avoid getting only a portion of the cryptocurrency you're buying. It's a way to ensure that you either get all of it or none of it.
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• Nov 24, 2021 · 3 years ago
  The 'fill or kill' order type is a feature offered by many cryptocurrency exchanges, including BYDFi. When you place a 'fill or kill' order, you're essentially saying that you want your order to be executed immediately and in its entirety. If the exchange cannot fulfill your order completely, it will cancel the entire order instead of partially filling it. This type of order is useful when you want to ensure that you either get the full amount of the cryptocurrency you're buying or none at all. It helps prevent partial fills and allows you to avoid ending up with a fraction of a coin.
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