How does the 'filled' status on Binance indicate a completed transaction in the world of digital currencies?
Can you explain how the 'filled' status on Binance indicates that a transaction has been successfully completed in the realm of digital currencies? What are the specific criteria for a transaction to be considered 'filled' on Binance?
3 answers
- Prakhar SolankiJul 11, 2024 · 2 years agoWhen a transaction on Binance is marked as 'filled', it means that the order to buy or sell a digital currency has been executed successfully. This status indicates that the transaction has been completed and the desired quantity of the digital currency has been bought or sold at the specified price. It is an important indicator for traders to track the progress of their transactions and ensure that their orders have been executed as intended. The 'filled' status provides transparency and clarity regarding the completion of transactions on Binance, giving users confidence in the platform's reliability and efficiency.
- Alaa HaniJan 01, 2022 · 4 years agoThe 'filled' status on Binance is a clear indication that a transaction has reached its completion. It signifies that the desired quantity of a digital currency has been bought or sold at the specified price. This status is crucial for traders as it confirms the successful execution of their orders. By monitoring the 'filled' status, traders can ensure that their transactions have been processed as intended and take appropriate actions based on the outcome. Binance's 'filled' status is a reliable measure of transaction completion in the world of digital currencies.
- Temple JacobsenMay 02, 2021 · 5 years agoWhen a transaction is marked as 'filled' on Binance, it means that the order has been successfully processed and the desired quantity of the digital currency has been bought or sold at the specified price. This status is an important confirmation for traders, indicating that their transactions have been completed. Binance's 'filled' status provides users with a clear indication of transaction completion, allowing them to track the progress of their trades and make informed decisions. It is a key feature of Binance's platform that ensures transparency and reliability in the world of digital currencies.
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