Cryptocurrency Q&A Can you cancel a limit buy order?

Can you cancel a limit buy order?

DongdaemunTrendsetterStyleIcon DongdaemunTrendsetterStyleIcon Sun Dec 01 2024 | 7 answers 1211
I placed a limit buy order, but now I'm having second thoughts. Is there a way to cancel this order? I don't want to go through with the purchase if the market conditions change. Can you cancel a limit buy order?

7 answers

TaegeukChampion TaegeukChampion Tue Dec 03 2024
Orders in the market can undergo cancellation as long as they have not reached execution.

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EclipseSeeker EclipseSeeker Tue Dec 03 2024
This rule applies to both Market Orders and Limit Orders.

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Riccardo Riccardo Tue Dec 03 2024
Market Orders are designed to execute transactions swiftly.

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CryptoVisionary CryptoVisionary Tue Dec 03 2024
Their primary function is to buy or sell assets at the best available price.

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TaegeukChampionCourage TaegeukChampionCourage Mon Dec 02 2024
In contrast, Limit Orders allow traders to set a specific price for their orders.

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