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Excoincial blogs

Tip of the day. How to cancel orders to unlock funds

For all users of Excoincial Exchange

Placing trades and foreseeing how and when will they get matched is an exciting experience.
However it's not uncommon that somebody placed an order and forgot about it.

So it's good to take note that placed order will lock the funds you decide to sell.
And funds will stay locked until you cancel the order or it gets matched completely (your supply by this order gets exhaused).

If you forgot where is your balance locked, please find you open orders on this page
https://excoincial.com/history/orders

Then visit relevant markets and cancel your orders.

It's also a good idea to place orders with volume not exceeding the volumes of other actors on same market, so:

your strategy will not get exposed;

your funds will get locked only in amount needed for trading interactively, not for weeks until order gets filled or you decide to cancel it.

For example, it's obvious that user who placed this order will not get it filled too soon.

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