When decentralized cryptocurrency exchanges first began gaining popularity, they offered a very basic trading experience that was hardly suitable for advanced traders. One of the most obvious issues with trading on DEXes at the time was that traders had no way to submit limit orders to buy or sell a crypto asset only when it reaches a specific price level.
However, we have seen plenty of improvements in the DEX space over the years, and support for limit orders is becoming increasingly common. If you’re looking for a DEX with limit orders, you’re in luck – we’ve selected 5 high-quality decentralized exchanges that allow traders to utilize limit orders.
Here are the 5 best DEX with limit orders:
1inch – Leading DEX aggregator with limit order support
Uniswap – The world’s most popular AMM has integrated limit orders
Jupiter – Solana-based DEX aggregator with advanced trading features
dYdX – DEX with leverage trading, margin and limit orders
Matcha – A robust DEX aggregator for the Ethereum ecosystem
The 5 best DEX with limit orders
Now, let’s take a closer look at each contender that made our list of the best decentralized exchanges with limit orders.
1. 1inch – Leading DEX aggregator with limit order support
1inch is a decentralized exchange aggregator that sources liquidity from multiple DEXes to automatically find and execute the most efficient route for any token swap the user wants to make. The protocol is best known on the Ethereum network, but also supports other popular blockchains such as BNB Chain, Polygon and Avalanche.
1inch features a limit order protocol that charges no fees, features dynamic pricing and supports conditional orders for added flexibility. This means that it supports order types such as stop losses and trailing stops – if you are looking for a DEX with stop loss functionality, 1inch is certainly worth considering.
You can access limit orders in the 1inch DApp by selecting the “Limit” tab next to the default “Swap” option. You can set up your limit order to expire after a set period of time – the expiration period can be as short as 1 minute or as long as 3 years.
2. Uniswap – The world’s most popular AMM has integrated limit orders
Uniswap is the most popular decentralized exchange in the world, and pioneered the concept of AMMs (automated market makers) as we know it today.
The Uniswap protocol offers a straightforward and efficient method for swapping between different tokens directly on the blockchain, eliminating the need for any third-party intermediaries. Users do not need to open an account or provide personal information, as Uniswap operates entirely through smart contracts on the blockchain. Token swaps are enabled by liquidity pools, where users can deposit tokens and earn a portion of the fees collected by the pool.
Uniswap’s limit order feature went live in early 2024. In order to access limit orders on Uniswap, go to the app.uniswap.org interface, connect your wallet, and select the “Limit” option at the top of the window.
3. Jupiter – Solana-based DEX aggregator with advanced trading features
Jupiter is a token swap aggregator on the Solana blockchain. Jupiter leverages Solana’s high-performance and low-latency network to handle a large volume of transactions with minimal fees. Jupiter works by aggregating different DeFi protocols on Solana to find the fastest and most cost-efficient way to swap between the tokens selected by the user.
Key features of Jupiter include the ability to swap assets for the best available price, set limit orders to trade at desired prices and automate investments through Dollar Cost Averaging (DCA).
This has set Jupiter apart in many respects, offering a user experience that is closer to centralized exchanges without compromising on the counter-party risks that are associated with centralized platforms.
4. dYdX – DEX with leverage trading, margin and limit orders
dYdX is a decentralized exchange that focuses on leverage trading, which makes it a unique platform within the DeFi ecosystem. It offers users access to perpetual contracts, margin trading, and spot trading. The platform is designed to be user-friendly, featuring an interface and smooth user experience that will feel familiar to those accustomed to centralized exchanges.
The dYdX exchange supports limit orders (with Good Til Time and Immediate Or Cancel options) and a flexible range of expiration periods. Other supported order types include stop limit orders, stop market orders, take profit limit orders and take profit market orders. Of course, you can also simply make a market order.
The newest version of dYdX operates on dYdX Chain, a custom-built layer 1 blockchain that’s part of the Cosmos ecosystem. However, users can easily get started with dYdX by using Ethereum-compatible wallets such as MetaMask.
5. Matcha – A robust DEX aggregator for the Ethereum ecosystem
Matcha is a platform that taps into more than 130 sources of liquidity to give users the most efficient trades across a variety of blockchain platforms. Matcha is based on the 0x API created by the notable crypto project 0x, and supports limit orders with custom expiration periods.
Matcha does not charge any platform fees for trades. When you make a trade on Matcha, you’ll only pay a transaction fee that includes an Ethereum gas fee and a 0x protocol fee, if liquidity from the 0x protocol is sourced as part of the trade.
The actual fee you pay to execute an order will depend on the DEXes from which liquidity is sourced. For instance, many Uniswap pools charge a 0.3% fee for every trade.
Matcha has several advanced features such as instant gas-free swaps and MEV protection. Along with 1inch, Matcha is among the best DEX aggregators available in the Ethereum ecosystem and is certainly worth a try if you haven’t used it yet.
The bottom line
When it comes to DeFi, limit orders are not supported universally but the functionality is making its way into many leading protocols, perhaps most notably Uniswap. Hopefully, our list of the best DEXes with limit orders has helped you find a decentralized exchange that will be able to support all of your trading strategies.
If you want to learn more about trading platforms in the crypto ecosystem, make sure to check out our list of the best crypto swap exchanges.