A limit order is an order that allows you to buy or sell cryptocurrency at a specific price. This feature allows users to place a trade without constantly having to monitor the prices. Important: A limit order is not guaranteed to execute, and will only execute when it hits the specific price that you have set.
How to place a limit order
- To place a limit order, simply click on "Buy/Sell" and select "Limit" on order type dropdown. Set the price you would like the trade to go through at, and the amount you wish to spend on the trade, and click on preview.
Note: A buy limit order can only be set to 30% below the current price, and sell limit orders can only be set to 30% above the current price.
- A popup window will appear to confirm the limit order details. Once you have confirmed the details, click "Set limit order" to set the order. Any pending limit orders on your account will appear on your balance card at the top of the dashboard, and under "Open Orders" on the dashboard.
How to cancel a limit order
You may cancel any of your open orders at any time as long as the order has not yet been filled. To cancel a limit order, simply click on the trash can icon beside the order you would like to cancel under "Open Orders".