How long do open orders typically remain active on Binance for cryptocurrency trading?

3 answers

• JumpGoodSa123Oct 21, 2023 · 2 years ago
  Open orders on Binance typically remain active until they are either filled or canceled by the trader. The duration can vary depending on market conditions and the specific order type. For example, limit orders may remain active until the specified price is reached, while market orders are usually executed immediately. It's important for traders to regularly monitor their open orders and make adjustments as needed to align with their trading strategy.
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• Upton McdowellFeb 22, 2022 · 3 years ago
  On Binance, open orders can stay active for as long as it takes for the market conditions to meet the criteria specified in the order. This means that the duration can range from a few seconds to several hours or even days. It's important to note that market volatility and liquidity can affect the execution time of open orders. Traders should consider these factors when setting their order duration and be prepared to make adjustments if necessary.
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• Ajasa TaiwoNov 09, 2020 · 5 years ago
  As an expert in the field, I can tell you that open orders on Binance typically remain active until they are filled or canceled. Binance is known for its efficient order execution and high liquidity, which means that open orders are often executed quickly. However, the duration can vary depending on market conditions and the specific order type. Traders should always stay informed about the market and adjust their open orders accordingly to maximize their trading opportunities.
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