What are the advantages and disadvantages of using AON orders compared to FOK orders in cryptocurrency trading?

1 answers

• Mar 19, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers AON orders as one of its trading options. The advantage of using AON orders on BYDFi is that it allows traders to ensure that their entire order is executed or none of it is executed. This can be particularly useful for traders who want to buy or sell a large quantity of a cryptocurrency at a specific price. However, it is important to note that if the market conditions are not favorable, the entire order may not be filled. Traders should consider their risk tolerance and trading strategy when deciding whether to use AON orders on BYDFi or other order types.
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