How to use limit orders on GCrypto
Limit orders in GCrypto let you set a price for buying or selling crypto. Your order is done only when the market price reaches your set price or better.
Limit orders vs. Market orders
There is no single best choice. It depends on your goals and risk tolerance.
- Market orders
- Buy or sell right away at the best price in the market.
- Limit orders
- You choose the price you want to buy or sell.
- Your order may not be filled right away, or at all, if the price never reaches your limit.
- You can set multiple limit orders for the same coin with different prices.
Monitor the status of your limit orders
You can track your open limit orders on the asset dashboard. There you will see the price, amount, and status of each order.
Cancel a limit order
You can cancel a limit order any time before it is filled. This is helpful if the market changes or you change your trading plan.