Binance Beginner Series â Day 38 đ°
Topic: What Is Open Orders on Binance? (Simple Explanation)
When you place a Buy or Sell order but itâs not executed immediately, it goes into Open Orders.
This means your order is waiting for the market price to match your price.
𧩠Why Open Orders Matter?
You can edit or cancel the order anytime.
You can see pending trades clearly.
Helps you manage your spot trading easily.
đWhere to Find Open Orders?
Binance App â Trades â Open Orders Tab
âł When Do You Use It?
When using Limit Orders
When setting Buy Cheap or Sell High orders
When you donât want to buy/sell instantly