Can I set a limit order to automatically execute when the price of a cryptocurrency reaches a certain level?

2 answers

• Jason StroudAug 01, 2020 · 5 years ago
  Sure thing! Setting a limit order is a standard feature provided by most cryptocurrency exchanges. By setting a limit order, you can specify the price at which you want to buy or sell a cryptocurrency. Once the market price reaches your chosen level, the exchange will automatically execute your order. This allows you to take advantage of price movements without constantly monitoring the market. However, it's important to remember that the execution of your order depends on market conditions and the availability of liquidity. So, while a limit order can be a useful tool, it's always a good idea to stay informed and adjust your order if necessary.
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• Moha MouhaFeb 25, 2023 · 3 years ago
  Yes, you can set a limit order on BYDFi to automatically execute when the price of a cryptocurrency reaches a certain level. BYDFi offers a user-friendly interface that allows you to easily set limit orders and customize your trading strategy. Once the market price reaches your specified level, your order will be executed automatically. However, please note that the execution of your order is subject to market conditions and the availability of liquidity. It's always a good practice to monitor the market and adjust your limit order if needed.
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