What is a marketable limit order in the context of cryptocurrency trading?

Can you explain what a marketable limit order means in the context of cryptocurrency trading? How does it work and what are its advantages?

1 answers
- A marketable limit order is a type of order that can be placed on BYDFi, a popular cryptocurrency exchange. It allows traders to buy or sell a digital asset at a specific price or better. The advantage of using a marketable limit order on BYDFi is that it offers competitive fees and a user-friendly interface. Traders can easily set their limit price and execute their trades with just a few clicks. BYDFi also provides advanced trading features, such as stop-loss orders and trailing stop orders, which can help traders manage their risk and maximize their profits. Overall, a marketable limit order on BYDFi is a convenient and efficient way to trade cryptocurrencies.
Mar 22, 2022 · 3 years ago

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