What are the different types of 'time in force' options available for cryptocurrency orders?

3 answers

• May 27, 2022 · 3 years ago
  Sure! When placing a cryptocurrency order, you have several 'time in force' options to choose from. The most common ones include 'Good Till Cancelled' (GTC), 'Immediate or Cancel' (IOC), and 'Fill or Kill' (FOK). GTC orders remain active until they are manually cancelled, while IOC orders are executed immediately and any unfilled portion is cancelled. FOK orders require the entire order to be filled immediately, otherwise, it is cancelled. These options allow you to control how long your order remains active and how it is executed.
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• May 27, 2022 · 3 years ago
  When it comes to 'time in force' options for cryptocurrency orders, there are a few key ones to be aware of. The first is 'Good Till Cancelled' (GTC), which means your order will remain active until you manually cancel it. Another option is 'Immediate or Cancel' (IOC), where your order is executed immediately and any unfilled portion is cancelled. Lastly, there's 'Fill or Kill' (FOK), which requires the entire order to be filled immediately, otherwise, it is cancelled. These options give you flexibility in managing your orders based on your trading strategy and preferences.
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• May 27, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a range of 'time in force' options for orders. One of the most commonly used options is 'Good Till Cancelled' (GTC), which keeps your order active until you manually cancel it. Another option is 'Immediate or Cancel' (IOC), where your order is executed immediately and any unfilled portion is cancelled. Lastly, there's 'Fill or Kill' (FOK), which requires the entire order to be filled immediately, otherwise, it is cancelled. These options provide traders with flexibility in managing their orders and executing trades according to their specific requirements.
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