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 limit order does not guarantee that the trade will be executed, because the price may never be at the limit price. If the limit order is attained for a short duration, it may not be executed when there are other orders in the queue that utilize all crypto available at the target price.
Partial fills may occur when only a part of the crypto in the crypto order is executed, leaving an open order.
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 as a market order and be charged the Taker Fee.
- Choose the cryptocurrency you want to buy IF the desired price is reached
- Click the Buy tab
- Click the Limit Tab
4. Enter the number of coins you wish to buy
5. Enter the target price (has to be below the current price)
6. 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.
- Choose the cryptocurrency you want to buy IF the desired price is reached
- Click the Sell tab
- 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
