How does a limit price affect the execution of cryptocurrency trades?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, we understand the importance of limit prices in cryptocurrency trading. When you set a limit price on our platform, our matching engine will automatically execute your trade once the market price reaches or goes beyond your specified limit. This ensures that you have more control over your trades and can enter or exit at the desired price. However, it's important to note that market conditions can change rapidly, and there may be instances where your limit price is not reached. In such cases, your trade will not be executed. Therefore, it's crucial to stay updated with the market and adjust your limit prices accordingly to maximize the chances of your trades being filled.
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