How long do sell orders last?

[bennylava]

Newb question time. How long do sell orders last? Do they ever expire? Same question for buy orders. This is just a general question across all exchanges.

[pooya87]

it depends on the exchange you are using. majority of them that i have seen so far have no time limit, which means if you place an order, it will stay there indefinitely (as long as that market is active or until it gets filled).

so far i have seen only 1 exchange that has a time limit. and that is bittrex and they added this recently. i don't recall what the limit was though because i no longer use that exchange ever since they started scamming.

[kk80586]

on GDAX you can go to advanced and the default for the 'Time in force policy' is "Good until cancelled". I don't know about the others but they may have similar selections.

[Peter8226]

Most of the exchange that seem to be no time limit.

[tententen]

Newb question time. How long do sell orders last? Do they ever expire? Same question for buy orders. This is just a general question across all exchanges.

Most last "forever" but some can be set to disappear at some point.

[99th]

Etherdelta has a block expiration for orders so after a certain amount of blocks the order will drop. It usually lasts about 5 days on a typical order then the system drops it. As for other exchanges, many don't have expiring orders, but etherdelta is so useful because of the erc20 tokens, I choose to use it anyways.

[X7]

Most sell limits last as long as the exchange has that token listed or until the order is executed/filled.

Rarely do you see time limits set on the order duration period - so generally, the answer to your question is. Until:

A) The exchange closes/has issues
B) The token is no longer listed
C) The sell order is filled

[bennylava]

Thanks to all for the replies. They are much appreciated.

So basically, "setting your stops" is just putting in a sell order, for a price that you hope to sell for. So for example, coin X is at 400 sats. I have decided that I want to sell coin X when it finally goes up to 600 sats. All I need to do is create that sell order, and sit back and wait?

[bennylava]

I'd like to bump for my last question. Sorry, just a newb trying to hammer out the details 100%