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What happens if you buy cryptocurrencies after hours?

avatarTillman KarlssonDec 17, 2021 · 3 years ago3 answers

What are the consequences of purchasing cryptocurrencies outside of regular trading hours?

What happens if you buy cryptocurrencies after hours?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    If you buy cryptocurrencies after hours, the transaction will be processed when the market opens. This means that the price at which you bought the cryptocurrency may not be the same as the price when the market opens. It's important to keep in mind that cryptocurrency prices can be highly volatile, so there is a risk of significant price changes overnight. Additionally, some exchanges may have restrictions on trading outside of regular hours, so it's important to check the trading hours of the specific exchange you are using.
  • avatarDec 17, 2021 · 3 years ago
    Buying cryptocurrencies after hours can be risky. The price of cryptocurrencies can change dramatically overnight, and you may end up buying at a higher price than you anticipated. It's important to do your research and understand the risks involved before making any investment decisions. Additionally, some exchanges may have limited liquidity outside of regular trading hours, which can impact the execution of your order.
  • avatarDec 17, 2021 · 3 years ago
    When you buy cryptocurrencies after hours, the transaction will be processed when the market reopens. This means that the price you pay may be different from the price you see at the time of purchase. It's important to note that different exchanges have different trading hours, so it's crucial to check the trading hours of the exchange you are using. For example, at BYDFi, transactions made outside of regular trading hours will be processed when the market reopens.