What Is A Limit Order And How Do You Place A Limit Order?
A limit order is an instruction to buy or sell a cryptocurrency at a certain price or better. A common use of limit orders is when you expect the price of a crypto to drop and you want to buy at a lower price than the current one, or if you want to automatically take profit by selling crypto with a limit order.
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đź•’ 6:41 PM
đź“… Nov 12, 2025
✍️ By chrison2
•How to place a limit order.Before we begin, make sure your account has a sufficient EUR balance to place your limit order if you plan to buy crypto.
1: Select the cryptocurrency you want to trade.
2: Click on “Buy” or “Sell”.
3: At the top right, you’ll see a button with “Market” and a downward arrow.
4: When you click this button, an order window will appear.
5: Here you’ll see three options: Market (selected), Limit, and Auto Invest.
6: Select “Limit”.
7: Now you can enter $58,000 in the “Limit Price” field and 1 in the “Quantity” field.
8: Before clicking the “Buy” button, review the option under the button on the right. Here you should see “GTC” with a downward arrow.
9: Click here; you can choose how long your limit order remains valid.
10: Once you’ve chosen the validity period for your limit order, click save.
11: Now you’re ready to click “Buy”.
Congratulations, you’ve just placed a limit order!
•Pros and cons of limit orders.
The main advantage of limit orders is that you can seize market opportunities by trading automatically, saving time while having more control over your investment strategy.
Limit orders can have different validity periods. On our platform, you can choose from three validity options: Good Till Cancelled (GTC), End of Day, or a custom date. GTC is the default setting when you place a limit order. This means your order remains open in the market until it is executed or until you cancel it yourself.
On the other hand, limit orders do not guarantee execution if the specified price is not reached or if the quantity is not (fully) available in the order book. An order book is an electronic list of buy and sell orders for a cryptocurrency, organized by price levels. That’s why we always recommend actively monitoring your open orders.