Limit Order

• Limit Order: Order to enter a position when the price moves to a desired price or better than the specified price. Note that there is still a possibility the order will not be executed if the price moves quickly.

• For example:

  • Long (Buy) Limit Order:

  • You want to buy an asset at a price lower than the current market price. The order will only execute when the market price drops to your specified limit or lower.

  • Example: BTC is $35,000, you place a buy limit at $34,500 → the order executes only if BTC drops to $34,500 or below.

  • Sell Limit Order (Short / Taking Profit):

  • You want to sell an asset at a price higher than the current market price. The order will only execute when the market price rises to your specified limit or higher.

  • Example: BTC is $35,000, you place a sell limit at $36,000 → the order executes only if BTC rises to $36,000 or above.

  • You can cancel a limit order from the Orders tab, if you choose to.

  • You can place limit orders from the portal by providing values of limit price, pay amount, slippage amount [default 0.5%], leverage.

• Once a Wallet transaction occurs after placing the order and estimated fees will be applied while confirming the transaction.

• Once you confirm the pop-up, you should be able to view it on transaction explorer.

• Once limit order is placed, it will be shown in Orders listing as below.

• Once the limit order is confirmed it will go to positions.