A calculate limit orders piece of trading technology, limit orders offer you more control over your buy or sell execution than market orders. Using them wisely may help you to achieve your investing or trading goals even in volatile markets. But be careful! There are a number of other order types and advanced strategies you should be familiar with to improve your results.

What is a Crypto Limit Order?

A crypto limit order allows you to specify the price at which you are willing to buy or sell a coin. Unlike market orders, these don’t execute immediately; instead they remain active until the price reaches your specified level.

As a result, the time in force for a limit order is defined as GTC (Good ‘Til Canceled) or IOC (Immediate Or Cancelled). If your limit order doesn’t get executed within its time in force, it will be automatically cancelled.

Limit orders are especially useful for long-term investors who believe that prices will rise or fall within a reasonable range. They allow them to avoid executing at unfavorable market prices and save time by not having to monitor the market continuously.

However, in extremely volatile or less liquid markets, your limit order might not be executed. In these cases, we advise you to select the Good ‘Til Cancelled option to ensure your limit orders will be processed. Otherwise, it is recommended to use a market order. We also recommend that you regularly check your order status to see whether it has been executed. You can do this via your exchange or by contacting us.