How does Robinhood handle limit orders for cryptocurrency?

3 answers

• May 06, 2022 · 3 years ago
  Sure! When it comes to handling limit orders for cryptocurrency, Robinhood follows a simple and transparent process. When you place a limit order, you specify the price at which you want to buy or sell a particular cryptocurrency. If the market price reaches your specified limit price, Robinhood automatically executes the order. If the market price doesn't reach your limit price, the order remains open until it is either executed or canceled by you. This allows you to have more control over your trades and potentially get a better price for your cryptocurrency.
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• May 06, 2022 · 3 years ago
  Robinhood handles limit orders for cryptocurrency just like any other exchange. When you place a limit order, you set the price at which you want to buy or sell a specific cryptocurrency. If the market price reaches your limit price, the order is executed. If not, the order remains open until it is filled or canceled. It's important to note that the execution of limit orders is subject to market conditions and liquidity. So, if there is not enough liquidity or the market is highly volatile, your order may not be executed immediately.
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• May 06, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, handles limit orders for cryptocurrency in a similar way to Robinhood. When you place a limit order on BYDFi, you specify the price at which you want to buy or sell a particular cryptocurrency. If the market price reaches your limit price, the order is executed. If not, the order remains open until it is filled or canceled. BYDFi provides a user-friendly interface for placing limit orders and offers competitive fees for trading cryptocurrencies. It's a reliable platform for executing your trades efficiently.
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