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Author Topic: What is the MAXIMUM time you are willing to wait on crypto-exchange...  (Read 214 times)
ScamViruS
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December 29, 2020, 07:45:09 PM
 #21

I am not the kind of person who sets the prices too far from the current trading market price, maximum I waited overnight on a shit exchange for my trade to be completed due to low trading volume but apart from that I would always like to sell the cryptos on the exchange to the current selling price but before I am sending my cryptos to an exchange I will wait for the desired price to reach my expectations.

This is also my thought. Why should I deposit my funds in the exchange without looking at the current exchange rate. If the price of my coin goes to the price of my choice then I will deposit my coin in the exchange and withdraw funds after instant sell.

Because I don't think it's safe to hold funds on the exchange.

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gravityfoil (OP)
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January 02, 2021, 12:36:23 AM
 #22

Not your keys, not your coins ...

Right, but... not quite on topic. You are saying not to use exchanges at all. That is cool with me too.
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January 02, 2021, 04:13:07 AM
 #23

What is the MAXIMUM time you are willing to wait on crypto-exchange to complete exchanging an asset?

Here are some suggestions, any other answer is OK

1. 1 day or less
2. 3 days
3. 5-7 days
4. 14 days
5. 30 days or more

Thank you kindly for an answer, much appreciated.

EDIT: Since the question seems absurd to some of you, here is an explanation ...

Step 1.
You login to an exchange

Step 2.
You see some coin you want to invest in by selling some other coin

Step 3.
You want to place a buy/sell order but want to get the best rate, so you are ready to do some price predicting and waiting

Step 4.
You either place an order at a desired price or wait.  In either way, you have to wait for the price to reach the point or an order to complete. Lets say you placed an order...

Now, how long are you willing to wait for this order to complete before you click on "cancel" ?  I know it depends on circumstances, but just some rough estimate or a guess will be fine.

For me, when I do trade in the exchange platform then bought a coin/altcoins, for what I did was to wait whether the right time
to sell or buy, as long as I think it will give me a profit for every week I will wait on it. Actually, sometimes it became 2 or more
every week and this was already proven and tested to my activity, honestly speaking.
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January 02, 2021, 11:59:28 PM
 #24

Many factors determine how long I wait for an order to complete, usually if the coins have a high volume and are in the top 20 cryptos
I can wait up to a year. But for low volume coins, I might only wait about a week. If nothing changes or the price decreases, I will cut loss.
Because low volume coins are very risky for scams, but most importantly in trading always use TP and SL. So when the price reaches
the target it is immediately sold and when the coin price drops suddenly the capital we have will be protected.

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January 03, 2021, 08:40:43 PM
 #25

It is depend on the exchange and the price I've set my orders . for short trade its only takes 1-3 days of waiting but for longer trade with target price then it can be 1week up to months of waiting before selling. Once I set the orders I only revisit the exchange for checking  live market price. Once I saw that it need longer time then I will cancel my orders and sold it in the market price.it only happens when I need to trade another crypto currency.
pixie85
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January 03, 2021, 09:45:23 PM
 #26

Any exchange should be instant. Maximum time anybody should wait is maybe 5 seconds to execute a trade, 24 hours to process deposit/withdrawal. The only things that can take longer are forks, account recovery, KYC and othere "management" issues.

If your requests are taking longer and the exchange has not notified you before about upcoming maintenance, it's probably a scam. Don't hold money on exchanges, especially small ones that need time to process deposits and withdrawals.
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January 03, 2021, 09:46:09 PM
 #27

I am willing to wait for let us just say the maximum to be 3 days I think because it feels so disturbing and uncomfortable on my part to wait for too long but still that is just for the moment that I am on urgent so that would be my maximum limit for waiting. But if I am not on a real hurry and the confirmation of order delay is reasonable, I am just willing to wait for how long since it will still be confirmed no matter what. So let us just say the number of days I can wait depends on the urgency or mood I have or the possibility that I really badly wanted for that order to get confirmed and would try to get into another exchange. But that will just rarely to happen since my patience is into an absolute level and I take on having calm decision with regards to that.

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January 03, 2021, 10:25:38 PM
 #28

Well, in trading it should be a matter of minutes or it is considered as an hour but if beyond that, I don't know if you will wait too long before your order will be executed. A high trading volume exchange must have a fast trading execution, you will never wait too long when your order will be made to be done if there are too many traders out there who use the same exchange. Regarding the withdrawal, perhaps it should be 1-2 days only or perhaps it will appreciatable if just a matter of day of waiting before it will be confirmed.









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