Using a limit order is one of the best ways for cryptocurrency investors to have full control over their trades.
What Is a Limit Order?
A limit order is an instruction to buy or sell a cryptocurrency at a specific price or better. For a buy limit, you set the maximum price you’re willing to pay; for a sell limit, you set the minimum price you’re willing to accept. This ensures you never pay more or sell for less than your intended price.
While limit orders give you control, execution is not guaranteed - if the market never reaches your limit price, the order remains unfilled.
Advantages of Using Limit Orders
- Price control: You choose exactly what you’re willing to pay or accept.
- Lower fees: Limit orders often add liquidity to the market (acting as “maker” orders), which can reduce trading fees.
- Protection from impulsive trading: Limit orders help prevent mistakes in volatile markets.
Risks and Considerations
- No guarantee of execution: If the market doesn’t reach your target, your order may remain unfilled.
- Partial fills: Only part of your order may execute if there’s insufficient liquidity.
- Timing: Limit orders can stay open for a while if your price is far from the market price.
When to Use Limit Orders
Limit orders are ideal if you:
- Have a specific price target in mind.
- Can wait for the market to meet your price.
- Want to avoid slippage and trade strategically.
They are less suitable if you need instant execution or if the market is highly volatile.
How Change Makes Limit Orders Easy
At Change, you can set limit orders directly in the app, combining precision trading with a simple, user-friendly interface. Whether you’re new to crypto or an experienced trader, Change allows you to:
- Buy, sell, and trade Bitcoin and over 140 other cryptocurrencies.
- Use limit orders to strategically control your trades.
- Protect your funds until you choose to invest.
- Avoid hidden fees that are common on other platforms.
Getting Started
Download the Change app on iOS or Android to start placing limit orders today. With full EU regulation, cold storage security, and a platform built for both beginners and advanced traders, Change provides a safe and intuitive environment for managing your crypto investments.
