Let's say that I have 1 coin that I want to sell and the current market price is 500 dollars/coin.
So I initiate the transaction but I assume that the transaction wont complete immediately and will probably pend maybe 1 hour?
My question is, if during the transaction pending, the market price suddenly drops to 250 dollars/coin, Will I receive 500 or 250 for my coin that I can withdraw?
Your talking about Coinbase or any exchange? If exchange, your sell order is filled (completly or partially) when someone buys at your sell price...