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How to Cancel Order on Binance App: A Step-by-Step Guide
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Binance, being one of the largest cryptocurrency exchanges in the world, offers a user-friendly platform for trading various digital assets. However, there may be instances where you need to cancel an order on the Binance app. Whether it's due to a mistake, changing market conditions, or any other reason, canceling an order is a straightforward process. In this article, we will provide a step-by-step guide on how to cancel an order on the Binance app.
1. Open the Binance App
To begin the process, launch the Binance app on your smartphone. Ensure that you are logged in to your account, as you will need to authenticate your identity before canceling an order.
2. Navigate to the Exchange Section
Once you are logged in, you will see various sections on the app's homepage. Tap on the "Exchange" tab to access the trading platform.
3. Select the Desired Market
Within the Exchange section, you will find different markets for trading cryptocurrencies. Choose the market where your order is placed by tapping on the respective market name. For example, if you have an order in the BTC/USDT market, tap on "BTC/USDT."
4. View Your Orders
After selecting the market, you will be taken to the trading page. Look for the "Orders" tab on the top menu and tap on it. This will display all your active orders in the selected market.
5. Locate the Order to Cancel
Scroll through the list of active orders to find the one you want to cancel. Each order will show details such as the order type, price, quantity, and status. Once you have located the order, tap on it to view more information.
6. Cancel the Order
With the order selected, you will see a "Cancel" button on the bottom right corner of the screen. Tap on this button to initiate the cancellation process.
7. Confirm the Cancellation
A confirmation pop-up will appear, asking you to confirm the cancellation of the order. Review the details of the order one last time to ensure that you are canceling the correct one. If everything is correct, tap on "Confirm" to proceed.
8. Order Cancellation Successful
Once you have confirmed the cancellation, the order will be removed from the active orders list. You will receive a notification confirming the successful cancellation of the order.
It is important to note that canceling an order on the Binance app is a permanent action. Once canceled, the order cannot be restored. Therefore, it is crucial to double-check the order details before proceeding with the cancellation.
In conclusion, canceling an order on the Binance app is a simple process that can be completed in just a few steps. By following the guide provided in this article, you can easily cancel any unwanted orders and avoid potential losses. Remember to always review the details of the order before confirming the cancellation to ensure that you are canceling the correct one. Happy trading!
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