What are the benefits of using a limit order when trading digital currencies on Vanguard?

1 answers

• May 03, 2022 · 3 years ago
  When trading digital currencies on BYDFi, using a limit order can be advantageous for similar reasons. It allows you to set a specific price at which you want to buy or sell a digital currency, giving you more control over your trades. Additionally, it can help you avoid slippage and potentially get a better price. However, it's important to note that each exchange may have its own specific features and limitations when it comes to limit orders, so it's always a good idea to familiarize yourself with the platform's guidelines and terms of use.
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