How do I use limit orders in GCrypto?

Limit orders are a new feature in GCrypto that allows you to define a specific price for buying or selling cryptocurrency. Your order is only executed if the market price matches or exceeds your chosen price, ensuring trades are made only at the price you set or better.

Limit orders vs. Market orders

There is no better option since it depends on your individual trading goals and risk tolerance. Check out the difference between market orders and limit orders below:

• Market orders execute immediately at the best available current market price
• Limit orders give you more control over the price at which you trade, but there's no guarantee your order will be filled immediately. Your order might not be filled if the price jumps significantly above or below your limit price before there's a matching order at your desired price. You can set up multiple limit orders for the same cryptocurrency, each with different target prices.

Monitor the status of your limit orders

Track your open limit orders through the asset dashboard, where you’ll find details like price, amount, and confirmation status.

Cancel a limit order

You can cancel your limit order at any time before it's filled. This might be useful if market conditions change or you decide to adjust your trading strategy.