How can I use GTC orders to buy or sell cryptocurrencies on an exchange?

3 answers

• May 04, 2022 · 3 years ago
  Sure, using GTC orders on a cryptocurrency exchange is a great way to automate your trading strategy. With a GTC order, you can set a specific price at which you want to buy or sell a cryptocurrency, and the order will remain active until it is filled or canceled. This means that you don't have to constantly monitor the market and manually place orders. Instead, you can set your desired price and let the exchange handle the rest. It's a convenient and efficient way to execute your trades.
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• May 04, 2022 · 3 years ago
  GTC orders are particularly useful for traders who have a specific price in mind for buying or selling a cryptocurrency. Let's say you want to buy Bitcoin at a certain price, but it's currently trading higher than that. By placing a GTC order, you can set your desired price, and if the market reaches that price, your order will be executed. This allows you to take advantage of potential price drops without constantly monitoring the market.
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• May 04, 2022 · 3 years ago
  At BYDFi, we offer GTC orders as a feature on our exchange. When you place a GTC order, it will be stored on our order book until it is filled or canceled. This means that you can set your desired buy or sell price and let the order sit until the market reaches that price. It's a convenient way to automate your trading strategy and take advantage of market opportunities.
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