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.