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In cryptocurrency trading, having control over your trades can make a big difference. One helpful tool to manage this is the Limit Order, and @KyberNetwork offers it to traders looking for more precision.
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A Limit Order lets you set a specific price at which you want to buy or sell tokens.
Instead of buying or selling instantly at the current market price, you wait until the price matches your set amount. There are two types of limit 0rders:
โ Buy Order: You buy tokens once the price drops to or below your set limit.
โ Sell Order: You sell tokens only if the price rises to or above your set limit.
This helps you trade at prices that align with your strategy rather than what the market offers at that moment.
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Cryptocurrency prices are known to fluctuate quickly. Limit orders let you control the price at which you trade, protecting you from sudden changes and giving you more control over profits or losses.
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KyberSwap offers limit orders across multiple networks such as Ethereum, BNB, Arbitrum and more.
One key advantage of using KyberSwap is that there are "no fees" for placing limit orders, unlike centralized exchanges (CEXs).
This supports their goal of making DeFi more accessible and rewarding for everyone.
#DeFi #cryptotrading
