What is a limit price in an order?

Learn how to use limit orders to improve your trading!

A limit order is a powerful tool to buy or sell cryptocurrencies at the price you choose, without depending on the current market price. 📊

For example:

If the price of $BTC is at 30,000 $USDC but you only want to buy when it drops to 28,000, you set a limit order at that price. If you have BTC and want to sell it only when the price rises to 35,000, you can also use a limit order to automate it.

This gives you more control over your trades and prevents you from having to constantly monitor the market. 💻

Imagine you are buying candies.

🍬 If you see that the candies cost 10 tickets and think it is too expensive, you can tell the seller: "I want you to hold some candies for me, but only if they drop to 8 tickets".

Then, when the price drops, they will automatically sell them to you. This way you save tickets and buy at the price you decide! 🎯

📝 If you want to know more about limit orders and how to use them on Binance, leave us a comment and we will help you.

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