Need to cancel a limit order you’ve placed on the Exchange Platform? No problem — you can cancel it at any time as long as the order (or part of it) hasn’t already been filled. Whether you’re using the web platform or the mobile app, it only takes a few taps or clicks.
💻 How to Cancel a Limit Order - Web Browser
💻 How to Cancel a Limit Order - Web Browser
From your dashboard, go to the Menu on the left of the screen.
Click on Exchange.
Scroll down to the Open Orders tab and click on it.
Find the order you want to cancel and click on the Cancel button.
Finally, confirm the cancellation of your limit order in the cancel dialogue box.
That's it! Your limit order has now been cancelled. Your funds will instantly be released and become available in your wallet for new trades or withdrawals.
📱 How to Cancel a Limit Order - Mobile App
📱 How to Cancel a Limit Order - Mobile App
From the home screen, tap on the Menu icon (☰) in the top-left corner of the screen.
Tap on Exchange.
Scroll down to Open Orders.
Tap the limit order you want to cancel.
Select Cancel Order, and confirm the action.
That's it! Your limit order has now been cancelled. Your funds will instantly be released and become available in your wallet for new trades or withdrawals.
ℹ️ What Happens After Cancelling a Limit Order
When a limit order is cancelled, any portion of the order that hasn’t been filled will be removed from the order book. If part of the order has already been executed, only the unfilled portion will be cancelled, and the filled part will remain in your transaction history.
💡 Best Practices When Cancelling Limit Orders
Double-check before cancelling: Ensure you’re cancelling the correct order, especially if you have multiple open orders for the same asset.
Consider market conditions: Cancelling an order during high volatility may prevent it from executing at your desired price, so weigh whether you want to adjust the order instead of cancelling.
Partial fills: Remember that only the unfilled portion of a partially executed order can be cancelled.
⚠️ Risks to Keep in Mind
Funds from cancelled orders are immediately released, but market prices may have changed by the time you place a new order.
If an order is partially filled before cancellation, the executed portion is final and cannot be reversed.
⚠️ Important: This article is for educational purposes only and is not financial advice. To practice trading without risk, try Coinmetro’s Demo Platform, where you can simulate trades and explore strategies safely before trading with real funds.
FAQs
⛔ Can I cancel a limit order after it’s been filled?
No. Once a limit order has been fully executed, it can’t be cancelled. You can, however, place a new order to sell or buy the asset again.
💰 What happens to my funds when I cancel a limit order?
Any funds that were locked for that order are released immediately and become available in your wallet balance.
📱 Can I cancel a limit order from the Coinmetro mobile app?
Yes! Simply go to Exchange → Open Orders, tap on your order, and choose Cancel Order.
🔍 Why can’t I see my limit order to cancel it?
If your order no longer appears in your open orders list, it may have already been executed or cancelled. You can confirm this by checking your Order History.