: If the market never reaches your price, the order remains "open" on the exchange’s order book until you cancel it or it expires. Common Strategies
: Traders often set limit orders at support levels to automatically "scoop up" Bitcoin during sudden, short-lived price drops without needing to watch the screen 24/7. bitcoin buy limit
: You are guaranteed to pay your set price or a better (lower) price if the market dips further. : If the market never reaches your price,
A is a specific instruction to an exchange to purchase Bitcoin only at a predetermined price or lower. Unlike a market order, which executes immediately at the current price, a limit order provides total control over your entry point, ensuring you do not overpay. How It Works A is a specific instruction to an exchange
When you set a buy limit, you specify the maximum price you are willing to pay.