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What is the meaning of GTC in cryptocurrency trading?

avatarEmery SomervilleDec 18, 2021 · 3 years ago3 answers

Can you explain the meaning of GTC in cryptocurrency trading? I've come across this term but I'm not sure what it stands for and how it is used in the context of trading cryptocurrencies.

What is the meaning of GTC in cryptocurrency trading?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    GTC stands for Good 'Til Canceled, and it is a type of order in cryptocurrency trading. When you place a GTC order, it means that the order will remain active until it is either executed or canceled by the trader. This type of order is commonly used by traders who want to set a specific price at which they are willing to buy or sell a cryptocurrency, and they want the order to stay active until it is filled or manually canceled.
  • avatarDec 18, 2021 · 3 years ago
    GTC is short for Good 'Til Canceled, which is a term used in cryptocurrency trading to describe an order that remains open until it is either executed or canceled by the trader. It allows traders to set a specific price at which they want to buy or sell a cryptocurrency, and the order will stay active until it is filled or manually canceled. This type of order provides flexibility and convenience for traders who want to set long-term trading strategies or take advantage of specific price levels.
  • avatarDec 18, 2021 · 3 years ago
    GTC, or Good 'Til Canceled, is an order type commonly used in cryptocurrency trading. When you place a GTC order, it means that the order will remain active until it is filled or canceled by the trader. This type of order is useful for traders who want to set a specific price at which they want to buy or sell a cryptocurrency, and they don't want the order to expire at the end of the trading day. GTC orders are particularly popular among long-term investors and traders who want to take advantage of price fluctuations over a longer period of time.