⏱️Limit Orders
What Are Limit Orders?
A limit order allows traders to set specific prices at which they want to buy or sell a particular asset. Unlike market orders, which execute immediately at the current market price, limit orders ensure transactions only occur at the specified price or better.
For buy orders, this means execution will only happen at the limit price or lower, and for sell orders, at the limit price or higher. This allows traders to control the exact price they are willing to transact and is particularly useful for those waiting for more favorable market conditions.
While limit orders are ideal for patient investors seeking lower purchase prices, there’s a risk of missing out if the market doesn’t reach the target price, and the order may not be filled.
Why Use Limit Orders?
Price Control: Set the exact price at which you want to buy or sell, and within which time-frame, ensuring you get the best possible deal.
Efficiency: Automate your trading strategy by setting limit orders, reducing the need to constantly monitor the market.
Flexibility: Benefit from market movements without having to be online 24/7.
In this initial rollout, limit orders are available on the following chains:
Binance Smart Chain
Arbitrum
Ethereum
Optimism
Base
Polygon
Avalanche C-chain
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