Are there any fees or penalties for cancelling a confirmed order on a cryptocurrency marketplace?

5 answers

• Jiheon BangJul 13, 2025 · 2 months ago
  When it comes to cancelling a confirmed order on a cryptocurrency marketplace, the potential fees or penalties can vary depending on the platform you are using. Some exchanges may charge a small cancellation fee, while others may not charge any fees at all. It's important to carefully review the terms and conditions of the specific exchange you are using to understand their cancellation policies. Additionally, it's worth noting that some exchanges may impose penalties for frequent cancellations or for cancelling large orders. Overall, it's best to familiarize yourself with the policies of the exchange you are using to avoid any surprises.
  646

  323
• Kuling KulinganJul 10, 2020 · 5 years ago
  Canceling a confirmed order on a cryptocurrency marketplace can sometimes come with fees or penalties. These fees can be a percentage of the order value or a fixed amount. However, not all exchanges charge fees for cancellations. It's important to check the terms and conditions of the specific exchange you are using to understand their cancellation policies. Some exchanges may also have penalties for frequent cancellations or for canceling large orders. To avoid any unexpected fees or penalties, it's always a good idea to review the exchange's policies before placing an order.
  583

  195
• Chad MoonNov 18, 2021 · 4 years ago
  As an expert in the cryptocurrency industry, I can tell you that canceling a confirmed order on a cryptocurrency marketplace may result in fees or penalties. However, it's important to note that each exchange has its own policies regarding cancellations. For example, at BYDFi, there are no fees or penalties for canceling a confirmed order. We believe in providing our users with flexibility and freedom when it comes to managing their orders. However, it's always a good practice to review the terms and conditions of the specific exchange you are using to understand their cancellation policies.
  598

  150
• anphungNov 19, 2023 · 2 years ago
  Canceling a confirmed order on a cryptocurrency marketplace can sometimes come with fees or penalties. It's important to carefully read the terms and conditions of the exchange you are using to understand their specific policies. Some exchanges may charge a small fee for cancellations, while others may not impose any penalties. It's also worth noting that frequent cancellations or canceling large orders may result in additional penalties on certain platforms. To avoid any surprises, make sure to familiarize yourself with the cancellation policies of the exchange you are using.
  583

  117
• DencozZAug 13, 2024 · a year ago
  When it comes to canceling a confirmed order on a cryptocurrency marketplace, fees or penalties may be applicable. However, the specific fees and penalties can vary depending on the exchange you are using. Some exchanges may charge a small fee for cancellations, while others may not have any penalties in place. It's important to carefully review the terms and conditions of the exchange you are using to understand their cancellation policies. By doing so, you can avoid any unexpected fees or penalties when canceling your order.
  532

  89