How does the term 'order pending' relate to buying and selling digital currencies?

3 answers

• PHPHTML5Jan 14, 2021 · 5 years ago
  When an order is pending in the context of buying and selling digital currencies, it means that the transaction has been initiated but is not yet completed. The order is waiting to be matched with a corresponding buyer or seller. During this time, the order is considered open and can be canceled or modified. Once the order is matched, it becomes an executed order and the transaction is completed. Order pending is a common term used in cryptocurrency exchanges to indicate the status of an order in the trading process. It is important to note that the time it takes for an order to be matched and executed can vary depending on market conditions and liquidity.
  664

  332
• Shafii MussaMar 24, 2022 · 4 years ago
  Order pending is a term used in the world of digital currency trading to describe the state of an order that has been placed but is not yet complete. When you place an order to buy or sell a digital currency, it goes into a pending state until it is matched with a counterparty. This means that the exchange is actively looking for a buyer or seller who is willing to accept your order. Once a match is found, the order moves from the pending state to the executed state, and the transaction is completed. It's important to understand that the time it takes for an order to move from pending to executed can vary depending on market conditions and the specific exchange you are using.
  684

  228
• Shan-e-UlfatJan 23, 2023 · 3 years ago
  At BYDFi, the term 'order pending' is used to describe the status of an order that has been placed but is waiting to be matched with a buyer or seller. When you place an order to buy or sell a digital currency on our platform, it enters the pending state until it finds a match. During this time, you have the option to cancel or modify the order. Once the order is matched, it becomes an executed order and the transaction is completed. The length of time an order remains pending can vary depending on market conditions and the availability of buyers or sellers. It's important to monitor your pending orders and make any necessary adjustments to ensure you achieve your desired trading outcomes.
  698

  175