Understanding Limit Orders in Crypto Exchanges: Controlling Your Trading with Precision

Limit orders in crypto exchanges are specific orders that are placed by traders to buy or sell cryptocurrencies at set prices or better . Traders set the desired price and the order is executed only when the market reaches or exceeds that price .

How Does a Limit Order Work?

You can buy limit order . Traders can place a buy limit order to purchase a cryptocurrency at a specific price or lower . When the market price reaches or falls below the set price, the order is triggered and executed which ensures the trader buys at the desired price .
Another option is selling limit order . Conversely a sell limit order allows traders to sell a coin at a specific price or higher . The order is executed when the market price reaches or exceeds the predetermined level which enables the trader to sell at the desired price .

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