common-close-0
BYDFi
Trade wherever you are!

How do limit orders work for buying and selling cryptocurrencies?

avatarHenneberg StaalDec 26, 2021 · 3 years ago1 answers

Can you explain how limit orders work when it comes to buying and selling cryptocurrencies? I'm new to trading and want to understand how this type of order works in the cryptocurrency market.

How do limit orders work for buying and selling cryptocurrencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we offer limit orders as one of our trading options. When you place a limit order on our platform, you can set the price and quantity of the cryptocurrency you want to buy or sell. 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 take advantage of price fluctuations and have more control over their trades.