How does a limit order work in the context of digital currencies?

1 answers

• May 03, 2022 · 3 years ago
  At BYDFi, a limit order works in a similar way as described above. When you place a limit order on our platform, you specify the price at which you want to buy or sell a digital currency. If the market price reaches your specified price, your order will be executed. If the price does not reach your specified price, your order will remain open until it is either filled or canceled. It's important to note that there may be fees associated with placing a limit order on BYDFi, so be sure to check our fee schedule for more information. Additionally, it's always a good idea to set realistic prices for your limit orders to increase the chances of them being executed.
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