How does the limit order feature work in cryptocurrency exchanges?

1 answers

• May 03, 2022 · 3 years ago
  At BYDFi, the limit order feature works in a similar way. Traders can set the desired price for buying or selling a cryptocurrency, and the order will be executed when the market reaches that price. This feature is particularly useful for traders who want to automate their trading strategies and take advantage of specific price levels. It provides flexibility and convenience for traders who want to optimize their trading experience. However, it's important to note that the execution of limit orders is subject to market conditions and liquidity. Traders should always consider the risks and potential slippage when using the limit order feature.
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