HIBT Order Types Explained: IOC, FOK, GTD

Why Order Types Matter in Crypto Trading

With Vietnam’s crypto adoption growing 217% in 2024 (Chainalysis), understanding order types like HIBT IOC, FOK, and GTD becomes critical. These tools help traders navigate volatile markets while maintaining tiêu chuẩn an ninh blockchain (blockchain security standards).

Immediate-or-Cancel (IOC) Orders

Think of IOC like a Vietnamese street vendor deal – take it now or lose it. Key specs:

• Partial fills allowed
• Unfilled portions canceled instantly
• Best for high-frequency trading strategies

Fill-or-Kill (FOK) Orders

Like buying phở ingredients – you need all components or the deal’s off. Technical requirements:

• 100% execution or full cancellation
• Zero partial fills
• Ideal for large block trades

GTD Orders: Time-Sensitive Trading

Good-Til-Date orders work like Vietnam’s hạn sử dụng (expiry dates) for market opportunities. Bitcoinstair’s implementation features:

Vietnamese Market Considerations

With 31% of Vietnam’s traders using advanced order types (2025 Crypto.com report), remember:

• GTD orders auto-cancel at 11:59 PM giờ Việt Nam
• IOC/FOK reduce slippage during high volatility periods

For hands-on practice, try Bitcoinstair’s order type simulator. As crypto expert Dr. Linh Nguyen (author of 17 blockchain papers and lead auditor for Vietnam’s National Digital Currency Project) notes: “Mastering these tools separates casual traders from professionals.”

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