common-close-0
BYDFi
Trade wherever you are!

What are the advantages of using a limit buy order on Coinbase compared to market buy?

avatarEndolympDec 25, 2021 · 3 years ago1 answers

What are the benefits of choosing a limit buy order instead of a market buy order on Coinbase?

What are the advantages of using a limit buy order on Coinbase compared to market buy?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    As a representative from BYDFi, I can tell you that using a limit buy order on Coinbase can be a great strategy for buying cryptocurrencies. It allows you to set a specific price at which you want to buy, giving you more control over your purchases. This can be especially useful during periods of high volatility, as it allows you to avoid buying at inflated prices. Additionally, using a limit buy order can help you take advantage of potential price dips and buy at a lower price than the current market price. This can increase your potential profits and minimize your risks. Overall, using a limit buy order on Coinbase is a smart move for any cryptocurrency investor.