Crypto limit order
A limit order is an order to buy or sell at a specified price or better. Buy limit orders will be executed at the specified price or lower, sell limit orders will be executed at the specified price or higher. Limit orders aren't guaranteed to execute. Limit orders will only be executed if the price of the crypto increases or decreases to the set limit price.
Setting a limit order
For a buy limit order, the crypto is purchased at your limit price or lower. For a sell limit order, the crypto is sold at your limit price or higher.
To set a limit order in-app:
- Go to 'Crypto' on the bottom menu
- Tap 'Trade' and select a cryptocurrency
- Tap 'Buy' or 'Sell'
- Tap the order type switcher on the order screen (next to the 'Review order' button) and select 'Limit order'
- Enter the limit price value, and click 'Continue'
- Enter your limit order purchase amount, and click 'Review order'
- Review your order, read the risk disclosure, and tap 'Submit order'
An example of how a crypto limit order works:
- Buy limit order: Crypto 'X' is trading at USD 5, but you’re only interested in buying if it goes below USD 4. Set your limit price to USD 4. If crypto 'X' drops to USD 4 or lower, your order will be executed at USD 4 or lower. If it doesn’t drop to USD 4, your order won’t execute
- Sell limit order: Crypto 'X' is trading at USD 5, but you're only interested in selling if its price goes above USD 6. Set your limit price to USD 6. If crypto 'X' rises to USD 6 or higher, your order will be executed at USD 6 or higher. If it doesn’t rise to USD 6, your order won’t execute