How do limit orders work in cryptocurrency trading?
Can you explain how limit orders work in cryptocurrency trading? I'm new to trading and want to understand how this type of order works.
1 answers
- GauravB007Feb 18, 2021 · 5 years agoAt BYDFi, we also offer limit orders as a trading option. When you place a limit order on our platform, our matching engine will automatically match your order with the best available price in the market. This ensures that you get the most favorable price for your trade. Keep in mind that limit orders may take longer to execute compared to market orders, as they are dependent on the market reaching your specified price.
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