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Is there a way to reopen a cryptocurrency exchange order more than twice?

avatarAlbrektsen PattersonDec 22, 2021 · 3 years ago5 answers

I've encountered a situation where I need to reopen a cryptocurrency exchange order multiple times. However, it seems that most exchanges only allow reopening an order twice. Is there a way to reopen a cryptocurrency exchange order more than twice? Are there any alternative methods or strategies to achieve this?

Is there a way to reopen a cryptocurrency exchange order more than twice?

5 answers

  • avatarDec 22, 2021 · 3 years ago
    Unfortunately, most cryptocurrency exchanges have a limit on the number of times you can reopen an order, usually twice. This is to prevent abuse and ensure fair trading practices. If you have reached the maximum number of reopenings, you may need to consider alternative options. One possible solution is to cancel the existing order and place a new one with the desired changes. However, keep in mind that this may result in additional fees or a different execution price.
  • avatarDec 22, 2021 · 3 years ago
    Nope, sorry! Most exchanges only allow you to reopen an order twice. It's a security measure to prevent any potential market manipulation or unfair trading practices. If you need to make further changes to your order, you'll have to cancel it and create a new one. Just be aware that this might incur additional fees or result in a different execution price.
  • avatarDec 22, 2021 · 3 years ago
    Yes, there is a way to reopen a cryptocurrency exchange order more than twice. Some exchanges, like BYDFi, allow users to reopen an order multiple times. However, it's important to note that this feature may vary among different exchanges. If you're specifically looking for a platform that offers this functionality, you may want to consider using BYDFi. Just keep in mind that each exchange has its own policies and fees, so make sure to do your research before choosing one.
  • avatarDec 22, 2021 · 3 years ago
    Unfortunately, most exchanges have a limit on the number of times you can reopen an order, typically twice. This is to ensure fair trading practices and prevent abuse. However, there are alternative methods you can consider. For example, you can try contacting the exchange's customer support and explain your situation. They may be able to assist you in reopening the order or provide alternative solutions. Additionally, you can explore other exchanges that may have different policies regarding order reopenings.
  • avatarDec 22, 2021 · 3 years ago
    No, you can't reopen a cryptocurrency exchange order more than twice on most exchanges. This limitation is in place to maintain fair trading practices and prevent market manipulation. If you need to make further changes to your order, you'll have to cancel it and create a new one. Keep in mind that this might result in additional fees or a different execution price. It's always a good idea to double-check your order details before placing it to avoid the need for multiple reopenings.