What is the meaning of 'limit' when buying cryptocurrencies?

5 answers

• Jan 12, 2022 · 3 years ago
  A 'limit' order is a type of order that allows you to set the maximum price at which you are willing to buy a cryptocurrency. When you place a limit order, you specify the price at which you want to buy the cryptocurrency. If the market price reaches or falls below your specified price, the order will be executed. If the market price does not reach your specified price, the order will remain open until it is either canceled or the market price reaches your specified price. This type of order gives you more control over the price at which you buy a cryptocurrency.
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• Jan 12, 2022 · 3 years ago
  When you place a 'limit' order to buy a cryptocurrency, you are essentially saying, 'I want to buy this cryptocurrency, but only if the price is below a certain level.' This allows you to set a specific price at which you are willing to buy, and if the market price reaches or falls below that price, your order will be executed. It's a way to ensure that you don't pay more than you are comfortable with for a cryptocurrency.
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• Jan 12, 2022 · 3 years ago
  When it comes to buying cryptocurrencies, a 'limit' order is a way to set a specific price at which you want to buy. Let's say you want to buy Bitcoin at a price of $10,000. You can place a limit order and specify the price of $10,000. If the market price of Bitcoin reaches or falls below $10,000, your order will be executed. If the market price stays above $10,000, your order will remain open until the price reaches your specified level. This allows you to buy cryptocurrencies at a price that you are comfortable with, without having to constantly monitor the market.
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• Jan 12, 2022 · 3 years ago
  When buying cryptocurrencies, a 'limit' order is a way to set a specific price at which you want to buy. It's like telling the exchange, 'I want to buy this cryptocurrency, but only if the price is below a certain level.' This can be useful if you have a target price in mind and you don't want to pay more than that. It gives you more control over your buying decisions and helps you avoid overpaying for a cryptocurrency.
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• Jan 12, 2022 · 3 years ago
  At BYDFi, a 'limit' order is a type of order that allows you to set the maximum price at which you are willing to buy a cryptocurrency. When you place a limit order, you specify the price at which you want to buy the cryptocurrency. If the market price reaches or falls below your specified price, the order will be executed. If the market price does not reach your specified price, the order will remain open until it is either canceled or the market price reaches your specified price. This type of order gives you more control over the price at which you buy a cryptocurrency.
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