What is the meaning of 'filled' on Binance in the context of cryptocurrency trading?
Summer WhybrowDec 18, 2021 · 3 years ago3 answers
In the context of cryptocurrency trading on Binance, what does the term 'filled' mean?
3 answers
- Dec 18, 2021 · 3 years agoWhen it comes to cryptocurrency trading on Binance, the term 'filled' refers to the status of an order. It means that the order has been successfully executed and the trade has been completed. This status indicates that the buyer has received the desired amount of the cryptocurrency they wanted to purchase, and the seller has received the corresponding amount of funds in return. It is an important term to understand when monitoring the progress of your trades on Binance.
- Dec 18, 2021 · 3 years agoIn the context of cryptocurrency trading on Binance, 'filled' simply means that your order has been completed. It's like saying 'mission accomplished'. Once your order is filled, it means that the exchange has successfully matched your buy or sell order with another user's order and the transaction has been executed. So, if you see 'filled' next to your order, you can rest assured that your trade has been successfully executed.
- Dec 18, 2021 · 3 years agoWhen you place an order on Binance, whether it's a buy or sell order, the status 'filled' indicates that your order has been executed and the trade has been completed. Binance matches your order with another user's order, and once the match is found, the trade is considered filled. This means that the transaction has been successfully processed and the desired amount of cryptocurrency has been bought or sold. Keep an eye on the 'filled' status to track the progress of your trades on Binance.
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