How does limit buy work on Robinhood for trading cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! When you place a limit buy order on Robinhood for trading cryptocurrencies, you set a specific price at which you want to buy the cryptocurrency. If the market price reaches or falls below your specified price, the order will be executed. If the market price never reaches your specified price, the order will remain open until it is either canceled or the market price reaches your specified price. This feature allows you to have more control over your buy orders and helps you avoid buying at higher prices than you intended.
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• Dec 18, 2021 · 3 years ago
  Limit buy on Robinhood for trading cryptocurrencies is a great tool for investors who want to buy cryptocurrencies at a specific price. It allows you to set a maximum price you are willing to pay for a particular cryptocurrency. If the market price reaches or falls below your specified price, your order will be executed. However, if the market price never reaches your specified price, your order will remain open until it is either canceled or the market price reaches your specified price. This feature helps you avoid buying cryptocurrencies at higher prices and gives you more control over your investments.
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• Dec 18, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers a limit buy feature for trading cryptocurrencies. With BYDFi, you can set a specific price at which you want to buy a cryptocurrency, and if the market price reaches or falls below your specified price, your order will be executed. This feature allows you to have more control over your buy orders and helps you avoid buying at higher prices than you intended. BYDFi also provides a user-friendly interface and a wide range of cryptocurrencies to trade, making it a popular choice among cryptocurrency traders.
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