What does it mean to sell GTC?

One of the most popular cryptocurrency exchanges that offer GTC orders is BTCC. As a top player in the industry, BTCC provides a range of services including spot trading, futures trading, and digital wallet services. Its platform is designed to cater to the needs of both novice and experienced traders, offering a user-friendly interface and advanced trading tools.

A Good 'Til Canceled (GTC) order is a popular trading tool utilized by investors and traders. This type of order, abbreviated as GTC, enables individuals to place a trade request that remains active in the market until it is either fulfilled or manually canceled by the trader.

In addition to GTC orders, BTCC also supports other types of orders such as Limit Orders and Stop Orders, giving traders more options to tailor their trading strategies to suit their individual needs. The exchange's robust security measures and strict compliance with regulatory requirements ensure that traders can trade with confidence and peace of mind.

The advantage of a GTC order lies in its flexibility and convenience. Investors can set their desired price and quantity for a trade, and then leave the order in the market for an extended period without having to constantly monitor it. This feature is particularly useful for those who may not have the time or resources to constantly monitor market movements.

A GTC order is distinct from other types of orders, such as Day Orders, which automatically expire at the end of the trading day if they are not executed. With a GTC order, traders have the freedom to keep their orders open for as long as they deem necessary, allowing them to take advantage of market movements that may occur over a longer period.