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How do limit orders work in cryptocurrency trading?

avatarScarlett LevyDec 29, 2021 · 3 years ago1 answers

Can you explain how limit orders work in cryptocurrency trading? I'm new to trading and want to understand how this type of order works.

How do limit orders work in cryptocurrency trading?

1 answers

  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we also offer limit orders as a trading option. When you place a limit order on our platform, our matching engine will automatically match your order with the best available price in the market. This ensures that you get the most favorable price for your trade. Keep in mind that limit orders may take longer to execute compared to market orders, as they are dependent on the market reaching your specified price.