What is a limit order and how does it work on Coinbase?

3 answers

• Sathwik Akash ReddyMar 29, 2025 · 2 months ago
  A limit order is a type of order placed by a trader to buy or sell a cryptocurrency at a specific price or better. On Coinbase, when you place a limit order, you set the price at which you want to buy or sell the cryptocurrency. If the market price reaches your specified price, the order will be executed. If the market price does not reach your specified price, the order will remain open until it is either canceled or the market price reaches your specified price. This allows you to have more control over the price at which you buy or sell cryptocurrencies on Coinbase.
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• baharmhmdyJan 10, 2024 · a year ago
  When you place a limit order on Coinbase, you are essentially setting a price limit for buying or selling a cryptocurrency. This means that your order will only be executed if the market price reaches your specified price or better. If the market price does not reach your specified price, your order will not be executed. This can be useful if you want to buy or sell a cryptocurrency at a specific price and are willing to wait for the market to reach that price.
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• Thateazy4477Dec 24, 2024 · 6 months ago
  With a limit order on Coinbase, you can specify the price at which you want to buy or sell a cryptocurrency. This allows you to have more control over your trades and potentially get a better price. For example, if you want to buy Bitcoin at a lower price than the current market price, you can set a limit order with a lower price. If the market price reaches your specified price, your order will be executed. However, if the market price does not reach your specified price, your order will not be executed and you can decide whether to adjust your price or cancel the order.
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