How does a limit order work on Robinhood for buying and selling digital currencies?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! A limit order on Robinhood allows you to set a specific price at which you want to buy or sell a digital currency. If the market price reaches your specified price, the order will be executed. If not, the order will remain open until the price reaches your limit or you cancel the order. This gives you more control over the price you pay or receive for a digital currency.
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• Nov 24, 2021 · 3 years ago
  When you place a limit order on Robinhood, you're essentially setting a price limit for buying or selling a digital currency. If the market price reaches your limit, the order will be executed. If not, the order will stay open until the price reaches your limit or you cancel the order. It's a way to ensure that you buy or sell at a specific price, rather than at the current market price.
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• Nov 24, 2021 · 3 years ago
  With BYDFi, a limit order works in a similar way. You can set a specific price at which you want to buy or sell a digital currency, and if the market price reaches your limit, the order will be executed. It's a useful tool for traders who want to have more control over their trades and ensure they get the price they want.
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