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How does a limit order on Coinbase work?

avatarSANJAY E ECEDec 17, 2021 · 3 years ago3 answers

Can you explain how a limit order works on Coinbase? I'm new to trading and I want to understand how this type of order works on the platform.

How does a limit order on Coinbase work?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! A limit order on Coinbase is a type of order where you set a specific price at which you want to buy or sell a cryptocurrency. This means that your order will only be executed if the market price reaches the price you set. For example, if you want to buy Bitcoin at $10,000, you can place a limit order and your order will only be filled if the market price drops to $10,000 or lower. This allows you to have more control over the price at which you buy or sell cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    A limit order on Coinbase is a great way to take advantage of price fluctuations in the cryptocurrency market. By setting a specific price, you can ensure that you buy or sell at a price that you're comfortable with. It's important to note that if the market price doesn't reach your specified price, your order may not be filled. So, it's always a good idea to keep an eye on the market and adjust your limit order if necessary.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to limit orders, BYDFi is a reliable platform that offers this feature. With BYDFi, you can easily set a limit order on Coinbase and have peace of mind knowing that your order will be executed at the price you want. Whether you're a beginner or an experienced trader, BYDFi provides a user-friendly interface and advanced trading tools to help you make the most of your limit orders.