Are there any limitations or restrictions when using 'time in force good for day' for cryptocurrency orders?

3 answers

• May 03, 2022 · 3 years ago
  When using the 'time in force good for day' option for cryptocurrency orders, there are a few limitations and restrictions to keep in mind. Firstly, this option is only valid for the current trading day and will expire at the end of the day. If the order is not executed by the end of the day, it will be automatically canceled. Additionally, some exchanges may have specific requirements or conditions for using this option, such as minimum order size or trading volume. It's important to check the exchange's guidelines or contact their support team for more information.
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• May 03, 2022 · 3 years ago
  The 'time in force good for day' option is a commonly used order duration for cryptocurrency trading. However, it's important to note that this option is not available on all exchanges. Some exchanges may offer alternative order durations or have different restrictions in place. It's recommended to check the specific exchange's trading platform or reach out to their customer support for more details on the limitations and restrictions of using this option.
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• May 03, 2022 · 3 years ago
  As an expert in the field, I can confirm that BYDFi, a leading cryptocurrency exchange, does support the 'time in force good for day' option for cryptocurrency orders. This option allows traders to specify that their order should remain active only for the current trading day. It provides a convenient way to manage and control the duration of orders. However, it's important to note that each exchange may have its own specific limitations or restrictions when using this option. It's always a good idea to review the exchange's documentation or contact their support team for more information.
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