How To Cancel Binance Order Effectively?

Need a quick way out of a Binance order that is still pending? With our detailed instructions, canceling a Binance order has never been simpler. Get ready to take control of your trades and bid goodbye to unwanted orders from Binance.

Users of the well-known cryptocurrency exchange Binance can trade a huge selection of cryptocurrencies. For many cryptocurrency investors and traders around the world, Binance has emerged as a top option thanks to its user-friendly platform, cutting-edge trading tools, and affordable fees.

You can cancel your Binance Order by clicking the Cancel button from the Order section of your Binance App or Account. To know about the cancelation steps in detail, read the entire article up to its conclusion.

Can You Cancel Your Binance Order?

Yes, you can cancel up to 3 Binace Orders daily. If you cancel more than 3 orders per day, your Binance Account will be automatically terminated and you will no longer be able to place an order from Binance.

Keep these things in mind before canceling your Binance Order.

If you’ve already paid the seller, don’t cancel the order.

The buyer’s completion rate will be impacted if the order is canceled due to a system timeout.

The buyer can cancel the order without affecting the seller’s completion rate if they have been contacted via chat and have not responded within 15 minutes.

How To Cancel Binance Order?

A Binance order can be canceled with just a few clicks and is an easy process. From the “Open Orders” section of the Binance trading interface, you can easily cancel any pending orders that you have. You can take control of your trades and modify your trading strategy as necessary by canceling orders.

Let’s understand one by one about canceling different types of Binance Orders.

How To Cancel Your Binance p2p Sell Order In The App?

Follow these simple steps to cancel p2p sell order Binance from your app

Open your Binance App and navigate to your Orders Page

Tap Cancel on the Order Page

Choose the justification for your order cancellation, then tap “Confirm Cancellation.” Order cancellation is possible for buyer- or seller-related reasons.

If the seller cancels your order, you might have to wait for them to confirm the cancellation cause.

The system will automatically confirm the cancellation if the seller doesn’t tap [Accept] within 10 minutes of receiving the cancellation request.

How To Cancel Your Binance p2p Sell Order From The Web?

Here are the steps to cancel your Binance order from the web browser.

Visit Binance Website and log in to your Binance Account

Navigate to your Orders Page and click on the Cancel button on the Orders page

Select a reason for your cancelation and click on the Confirm Cancelation button

If the seller cancels your order, you might have to wait for them to confirm the cancellation cause.

The system will automatically confirm the cancellation if the seller doesn’t tap [Accept] within 10 minutes of receiving the cancellation request.

How To Cancel Your Binance p2p Sell Order From The Merchant Portal?

Select the order you want to cancel and tap on the Cancel Order button

Select the reason to cancel your order and again tap the Cancel Order button

You might need to wait for the seller to confirm the cancellation reason if you cancel the order for reasons that are their fault.

Within 10 minutes, the seller must [Accept] the reason for the cancellation; otherwise, the system will confirm the cancellation on its own.

How To Modify An Open Limit Order On The Binance Website?

You have a total of two methods for Binance Edit Order.

Under the Open Order App:

Login to Binance Account> Head towards Trade-Spot> Go to the Open Orders tab> View all Open Orders>Tap the Edit button next to the order you wanna modify> Edit the Order> Tap on Confirm button

On The Candlestick Chart

You can change an open order’s price by dragging it to a new price if the open order display feature is enabled on the candlestick chart in the TradingView mode.
Edit the order and tap on the Confirm button

How To Modify An Open Limit Order On The Binance App?

Follow these steps to edit an open limit order on the Binance App.

Open your Binance App
Go to Trade> Spot under the Open Orders tab
Click on the Edit option next to the order in which you want to edit
Make the changes to your order and click on the Confirm button

Frequently Asked Questions

How To Contact Binance Customer Care?

You can get the 24/7 Live Chat Support feature from the bottom corner of the Binance Website or you can also go to the Binance Help Center page.

Conclusion

To sum up, canceling an order on Binance is an easy and simple procedure. Users can quickly and easily cancel any open orders on the platform by following the instructions provided in this article. To prevent any unintended consequences, always remember to double-check the details before canceling. Also Know, how to cancel Coinbase Account.