What is the meaning of GTC in the context of cryptocurrency?

3 answers

• May 06, 2022 · 3 years ago
  GTC stands for Good 'Til Canceled, which is a type of order in cryptocurrency trading. When you place a GTC order, it remains active until it is either filled or canceled by the trader. This means that the order will stay on the exchange's order book until it is executed or manually removed. GTC orders are commonly used by traders who want to set a specific price at which they are willing to buy or sell a cryptocurrency and are willing to wait for the market to reach that price. It provides flexibility and convenience for traders to execute their desired trades without constantly monitoring the market.
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• May 06, 2022 · 3 years ago
  GTC, short for Good 'Til Canceled, is an order type commonly used in cryptocurrency trading. It allows traders to set a buy or sell order that remains active until it is filled or manually canceled. This means that the order will stay on the exchange's order book until the specified conditions are met. GTC orders are useful for traders who want to set specific price levels for their trades and are willing to wait for the market to reach those levels. It provides a way to automate trading strategies and take advantage of potential price movements without constantly monitoring the market.
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• May 06, 2022 · 3 years ago
  GTC, which stands for Good 'Til Canceled, is an order type in the context of 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 allows traders to set specific price levels at which they want to buy or sell a cryptocurrency and wait for the market to reach those levels. GTC orders provide convenience and flexibility for traders, as they don't have to constantly monitor the market and can execute their desired trades at their desired prices. It is a popular order type used by many cryptocurrency traders.
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