How does Robinhood limit orders work for buying and selling cryptocurrencies?

3 answers

• Jan 17, 2022 · 3 years ago
  Sure! When you place a limit order on Robinhood to buy or sell cryptocurrencies, you're setting a specific price at which you want the order to be executed. If the market price reaches your specified price, the order will be filled. If not, the order will remain open until the market price reaches your limit price or the order is canceled. This allows you to have more control over the price at which you buy or sell cryptocurrencies compared to market orders.
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• Jan 17, 2022 · 3 years ago
  Limit orders on Robinhood for buying and selling cryptocurrencies work by setting a maximum or minimum price at which you are willing to buy or sell. If the market price reaches your specified limit, the order will be executed. If not, the order will remain open until it is filled or canceled. This can be useful if you want to buy or sell cryptocurrencies at a specific price point and are willing to wait for the market to reach that price.
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• Jan 17, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers limit orders for buying and selling cryptocurrencies. With BYDFi, you can set a specific price at which you want to buy or sell and the order will be executed when the market price reaches your limit. This feature allows you to have more control over your trades and potentially get a better price compared to market orders. However, it's important to note that limit orders may not always be filled if the market price doesn't reach your specified limit.
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