When Placing A Trade, How Long Does It Take For The Order To Be Filled?

[David92506]

I have a Coinbase account.
I Buy Bitcoin hoping that it will go up.
It goes up and I would like to close the trade.
I open the order and the only option I have is to "Cancel Order."
I'm assuming it's because the order has not yet been filled.
Once the order is filled I will be able to close the trade.

It's been 30 minutes and the order has not yet been filled. So I canceled the order.
How long does it take for an order to be filled?

[Falconer]

It depends on the price of your order and the price being traded. If the price of your order is lower than the price being traded, then of course you need to wait a while for your order to be filled. For example, the current price of bitcoin is $25,300, but you place an order at $22,000, so you only need to hope for the next few months for your order to be filled.

It is easier to buy on market orders because your orders will be filled instantly. But if you set a limit order closer to the price being traded, then your order will likely be filled more quickly as well. No need to wait up to 30 minutes.

[Wiwo]

Depending on the price you set for you sell position,  because if you set a higher price there won't be an available buy order to fill your order,  it is easy to follow up on what selling price is from the order chart you can see the executing price and if you want to get the order filled asap then you need to set the market price instead manually setting your sell price.

I hope this answers your question and provides a guide to help you get your order excited.

[Issa56]

I have a Coinbase account.
I Buy Bitcoin hoping that it will go up.
It goes up and I would like to close the trade.
I open the order and the only option I have is to "Cancel Order."
I'm assuming it's because the order has not yet been filled.
Once the order is filled I will be able to close the trade.

It's been 30 minutes and the order has not yet been filled. So I canceled the order.
How long does it take for an order to be filled?

It those not take long before your order will be filled, If you place a order, it might get filled within seconds, but let's assume you are trying to purchase bitcoin and you placed your order at $25200, and bitcoin price dropped to $25190, your order won't be filled till bitcoin bounces back to $25200 or above. You might decide to buy a coin at the current market value, but in the process of inputting the amounts you are planning to purchase before you click on buy, the price might have dropped, but if their is any seller that's available at the price which you are planning to buy, then your order will be filled immediately.

[Oshosondy]

It's been 30 minutes and the order has not yet been filled. So I canceled the order.
How long does it take for an order to be filled?

If you want you order to be filled immediately, you can change the 'limit order' to 'market order'.

If you want your order to be filled at a specific price, you can use the limit order. If you buy, the market price must be lower than the order price before your order would be filled. If you sell, the market price have to get higher than the order price before your order would be filled.

If you want your limit order to be filled immediately, you will buy at higher price to the market price, and sell at lower price to the market order.

...assume you are trying to purchase bitcoin and you placed your order at $25200, and bitcoin price dropped to $25190, your order won't be filled till bitcoin bounces back to $25200 or above.

Bitcoin at $25190 and you buy bitcoin at $25200. That is a higher price, which means the order would be filled immediately because you are buying at a higher price if compared to the market price.

For illustration:

Bitcoin at $25000

For long/buy
You open a limit order at $25010 (above $25000). The order will be filled immediately
You open a limit order at $24990 (below $25000). The order will not be filled. If the market price of bitcoin gets to or drop below below $24990, your order will be filled.

For short/sell
You open a limit order at $24990. Bitcoin at market price of $25000. The order will be filled immediately
You open a limit order at $25010. Bitcoin price at $25000. The order will not be filled. If bitcoin increase above $25010, your order will be filled.

I hope you will understand it better this way.

It is even harder to explain than using it while trading, once you start to trade you will notice how simple it is.

I will advice you to be careful of trading derivatives, because leveraging is very risky. Trading itself is very risky, not to talk of future trading which is far riskier.

[goaldigger]

It's been 30 minutes and the order has not yet been filled. So I canceled the order.
How long does it take for an order to be filled?

It will take time especially if the price is not within the range anymore.
If you want a fast trade then better to choose the buying/selling price in the next 5 on the list, and with this you can easily filled your trade without waiting any longer. Your trade will always depend on the price, and the buyer and seller level, so make sure to check it before you place a trade.

[Oshosondy]

If you want a fast trade then better to choose the buying/selling price in the next 5 on the list, and with this you can easily filled your trade without waiting any longer. Your trade will always depend on the price, and the buyer and seller level, so make sure to check it before you place a trade.

If he does not want to set a particular price that bitcoin price will get to before his order would be filled, then why not use market order instead for fast trade? With market order, the order is filled immediately. Market order should only be used on non shady exchanges and also with coins of high trading volume like bitcoin.

[Stalker22]

How long does it take for an order to be filled?

It depends on the type of order you placed. In general, market orders are typically filled immediately at the current market price, while limit orders are executed when the market reaches a specific price point set by you. If your order has not been filled, it is possible that there were not enough buyers or sellers at the specific price you set.

It is difficult to give you a more specific answer without having all the deets. If you can, snap a screenshot of the order you are placing so we can break it down and explain things in more detail. (Make sure to blur or censor any private data related to your account, like your username or any other sensitive information.)

[Mr.right85]

It's been 30 minutes and the order has not yet been filled. So I canceled the order.
How long does it take for an order to be filled?

There re little tricks to this. Not something out of the ordinary but really, something you could think out or even reason upon glance and how it's executed.

Trading platforms are designed in such a way that it allows for some flexibility and gives users the freedom to set what gives them comfort so as not yo get cheated upon. It doesn't require you working within a range but a range defined by you.

If you want your order to be filled in no time, placing it at the market price or slightly higher might result in it being picked but, having yo set order for price higher could result in delays. I suppose that's the case with your trade at OP.

[DoublerHunter]

It's been 30 minutes and the order has not yet been filled. So I canceled the order.
How long does it take for an order to be filled?

It will take time especially if the price is not within the range anymore.
If you want a fast trade then better to choose the buying/selling price in the next 5 on the list, and with this you can easily filled your trade without waiting any longer. Your trade will always depend on the price, and the buyer and seller level, so make sure to check it before you place a trade.

^That is exactly what I am going to say.
If you cancel your order after 30 minutes because it had not been filled, it is possible that the market conditions were not favorable for your specific order at that time. It is generally a good practice to monitor the market and consider adjusting your order if it has not been filled within the reasonable time frame that you expected.
Probably I think if you have any specific concerns or questions about a particular order on Coinbase, I recommend reaching out to their customer support for more accurate and up-to-date information regarding your specific situation.

[wajik-tempe]

If you canceled the order after 30 minutes because it had not yet been filled, it indicates that there was no matching sell order available at the time or that market circumstances were not favorable. If there is enough liquidity and market activity, your order may be completed almost instantly in some instances. This signifies that your buy order was matched with a sell order, and the deal was completed.

[tvplus006]

...I open the order and the only option I have is to "Cancel Order."
I'm assuming it's because the order has not yet been filled.
Once the order is filled I will be able to close the trade...

Which happened because you put the purchase price below the market price, to which the BTC price has not decreased. In this case, there is no specific deadline when your purchase order will be executed. Obviously, instead of a limit order, you had to make a purchase at the market price.

[jeraldskie11]

Always select "market order" if you want your order filled immediately. I understand if you're using a "limit order" because you're a trader. Before we trade, we conduct a market analysis and then submit an entry. That is why, in some cases, our entrance price is lower or more than the current price, and it will not be filled instantly. I recommend using tradingview to check for the trading pair and exchange you used when you made a trade so you can observe the actual price activity of the market and why it didn't get filled.

[Johnyz]

If you want a fast trade then better to choose the buying/selling price in the next 5 on the list, and with this you can easily filled your trade without waiting any longer. Your trade will always depend on the price, and the buyer and seller level, so make sure to check it before you place a trade.

If he does not want to set a particular price that bitcoin price will get to before his order would be filled, then why not use market order instead for fast trade? With market order, the order is filled immediately. Market order should only be used on non shady exchanges and also with coins of high trading volume like bitcoin.

Market order have a higher fees I think, so if not in a hurry better to do this manually. If the price is already within your target range then you can trade on a higher price to filled your trade but if not and you’re confident that the market will hit your buying/selling price, then wait for it. Remember we should trade without analysis and don’t let your emotion takes over you, be more patient and trade better.

[Oshosondy]

Market order have a higher fees I think, so if not in a hurry better to do this manually. If the price is already within your target range then you can trade on a higher price to filled your trade but if not and you’re confident that the market will hit your buying/selling price, then wait for it. Remember we should trade without analysis and don’t let your emotion takes over you, be more patient and trade better.

It depends.

1. If it is a limit order and you have a buy order price higher than the market price of the asset, the order would be filled immediately because it is still filled at the market price instantaneously. I mean that is still a market taker.

2. If it is still a limit order and you have a sell order price lower than the market price of the asset, the order would be filled immediately because it is still filled at the market price instantaneously. I mean that is still a market taker.

But if it is otherwise to 1 and 2 in a way that the order price is lower than the market price for buy and higher for sell order, the order will not be filled immediately and that is a market maker.

On exchanges, market taker fee is higher than market maker fee.

[Fivestar4everMVP]

Clearly, you are new to trading, how long it takes before an order is filled, very much depends on the type of order, your order world have or will get filled immediately(sometimes with a little delay of course) if you decide to or place your sell at the current market price, there could be a little delay if there is not enough liquidity and trading volume though.

But for me, If I need my order to be filled immediately, like at that very moment, what I do normally is click on the top buying order which is always the first on the list, and then sell to that buy order, but this is if the order price is OK for me though.

[Nrcewker]

The order only gets filled when the price matches with your price. If you set high price, then definitely the order won’t get fill. You need to analyse the market and accordingly set the price for buy or sell. If you set something more higher or more lower then you have to wait for more time (not like waiting 30 mins as you have mentioned in the OP). So yes while placing the trade, set the price according to the market conditions.

[bittraffic]

Buy orders are to be set for higher prices. Coinbase is an orderbook kind in which you can just pick a seller to agree on the price for your order to be filled. Easy peasy. If you can't wait for another hour or two, it should be your choice then.  If you are confident though that prices will still be coming down to $21k, patience is the key.

I'm not familiar with coinbase but is canceling an order also canceling the trading fee?

[tjtonmoy]

When opening a trade, and you want that to be filled immediately, you might wanna choose something that fits on those price range shown on the image.

[Note: price will not stay same as shown on the image, it is always changing, so choose what is given on the real time chart]

When you are opening a sell order, pick the green one. Those are the price that other people are wanting to buy at. So when the trade price matches their existing order, it will get filled. You also need to consider that buyer's total amount should be more than your amount. Otherwise, the whole order will not get filled but a portion of it which matches the buyer's amount.
Vice versa for buy orders. Pick red one and those are the people willing to sell at that price. So once their order matches your buy order, it will be filled. Again, your order should be less than their total amount. Otherwise, you will have to open a new trade with different price.

When you want to sell high or buy lower than current top prices, you will have to wait till the market reaches that point, in other words, when other buyers or sellers are willing to trade at your required price. This is where the time is needed, and there's not an actual amount of time we can tell. It depends of trader's decision on which price point they want to make a trade.

[rhomelmabini]

It's been 30 minutes and the order has not yet been filled. So I canceled the order.
How long does it take for an order to be filled?

It's an order and if at that time the price was high compare to your order then it will clearly not be instantly sold to you you'll have to wait on the mark price you have set. It will take time unless the price went to the one you've set. Next time if you want it to be filled sooner, buy at a higher price even with a tiny fraction compared to the current price and you wouldn't have to wait for it to be filled.