How can I use limit orders to buy or sell cryptocurrencies?
Aleksandr ShuldyakovDec 26, 2021 · 3 years ago1 answers
Can you explain how to use limit orders to buy or sell cryptocurrencies? I'm new to trading and would like to understand how this type of order works.
1 answers
- Dec 26, 2021 · 3 years agoAt BYDFi, we also support limit orders for buying or selling cryptocurrencies. When you place a limit order on our platform, you can set the desired price and quantity for your order. Our system will automatically execute your order when the market price reaches your specified price. Limit orders can be a useful tool for traders who want to have more control over their buying and selling prices. However, it's important to carefully consider the market conditions and set realistic prices for your limit orders to increase the chances of execution.
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