A Limit Order allows you to buy or sell a cryptocurrency when it reaches the price you set.
Once set, the Limit Order remains pending. It is only triggered when the price of the cryptocurrency reaches the price you set. Therefore, if the price is not reached, the order is not executed.
When to place a Limit Order
- If you want to buy, you set a Limit Order if you think the price of the cryptocurrency you want to buy might go down. This way, you buy at a cheaper price.
- If you want to sell, you set a Limit Order if you think the price of the cryptocurrency you want to sell might go up. This way, you sell at a higher price and make a bigger profit.
Place a Buy Limit Order
- Select Markets
- Select the pair you are interested in
- Select Buy and then Limit
- Enter the Limit Price, i.e. the price at which you want to buy. This is a fixed price and does not change
- Enter the amount
- If you want to use all your budget, select MAX
- If you only want to spend part of what you have, enter the amount manually
- Remember to enter at least the minimum amount - details on this page
- Select Buy and your order will appear in the Open Orders section
You can cancel your order at any time by clicking on Cancel, or cancel all open orders by clicking on Cancel all.
Place a Sell Limit Order
- Select Markets
- Select the pair you are interested in
- Select Sell and then Limit
- Enter the Limit Price, i.e. the price at which you want to sell. This is a fixed price and does not change
- Enter the amount you want to sell
- If you want to use all your budget, select MAX
- If you only want to sell part of what you have, enter the amount manually
- Remember to enter at least the minimum amount - details on this page
- Select Sell and your order will appear in the Open Orders section
You can cancel your order at any time by clicking on Cancel, or cancel all open orders by clicking on Cancel all.
Advanced options for Limit Orders
These are a set of conditions that you can select to better manage your order.
- Good 'Til Canceled (GTC): Your order will remain active until it is either executed or cancelled. This is the standard option used for limit orders.
- Day Only: Your order will only be active until 00.00 UTC.
- Fill or Kill (FOK): literally "complete or cancel". The order can only be completed in full, otherwise, it will not be executed at all.
- Immediate or Cancel (IOC): The order is executed immediately (completely or partially).