How do sell limits work on US crypto exchanges?

3 answers

• HakemJun 23, 2024 · a year ago
  Sell limits on US crypto exchanges are a way to control the amount of cryptocurrency you can sell at a given price. They help prevent sudden price drops and market manipulation. When you set a sell limit, you specify the price at which you want to sell your cryptocurrency. If the market price reaches or exceeds your specified price, your sell order will be executed. If the market price doesn't reach your specified price, your sell order will remain open until the price reaches your limit or you cancel the order.
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• FR4GDec 25, 2021 · 4 years ago
  Sell limits on US crypto exchanges work by allowing you to set a minimum price at which you are willing to sell your cryptocurrencies. This means that if the market price drops below your specified price, your sell order will not be executed. This can be useful in volatile markets where prices can fluctuate rapidly. It gives you more control over your trades and helps protect you from selling your cryptocurrencies at a loss.
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• SimoDec 21, 2023 · 2 years ago
  At BYDFi, a leading cryptocurrency exchange, sell limits work in a similar way. You can set a sell limit order by specifying the price at which you want to sell your cryptocurrencies. If the market price reaches or exceeds your specified price, your sell order will be executed. If the market price doesn't reach your specified price, your sell order will remain open until the price reaches your limit or you cancel the order. Sell limits are an important tool for traders to manage their risk and ensure they sell their cryptocurrencies at the desired price.
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