Limit

A limit order is one of the most basic order types. It allows the trader to specify a price and amount they would like to buy or sell.

 

Example: If the current market price is 250 and I want to buy lower than that at 249, then I would place a buy limit order at 249. If the market reaches 249 and a seller’s ask matches with my bid, my limit order will be executed at 249.

 

A buy limit should be placed at a price below the current market buy price.  A buy limit placed below the current buy price will be charged the Maker Fee if the order is filled.  A buy Limit placed above the current buy price will be filled immediately and be charged the Taker Fee.

 

  1. Choose the crypto currency you want to buy IF the desired price is reached
  2. Click the Buy tab
  3. Click the Limit Tab

 

  1. Enter the number of coins you wish to buy
  2. Enter the target price (has to be below the current price)
  3. Double-check the crypto shown is crypto you want to buy IF the price gets there

 

A sell limit should be placed at a price above the current market sell price.  A sell limit placed above the current sell price will be charged the Taker Fee if the order is filled.  A sell limit placed below the current sell price will be filled immediately and be charged the Taker Fee.

 

  1. Choose the crypto currency you want to buy IF the desired price is reached
  2. Click the Sell tab
  3. Click the Limit Tab

 

4. Enter the number of coins you wish to sell

5. Enter the target price (has to be above the current price)

6.  Double-check the crypto shown is crypto you want to sell IF the price gets there