How it places orders
- Places a single order at your limit price, good till canceled: it works until it fills or you cancel it.
- If your price is away from the market, the order rests in the book until price reaches it.
- If your price crosses the market (a buy above the best ask, a sell below the best bid), it executes immediately at the better available prices.
- Fills can be partial, and no slippage applies: your limit price is the worst price you can receive.
When to use it
- You want price certainty and are willing to wait for the market to come to you.
- You are bidding dips or offering into strength without watching the chart.
- You want to set an entry with Take Profit and Stop Loss attached in one ticket.
Parameters
The panel shows liquidation price, order value, margin required, and fees. Minimum order value is $10.
Example
BTC trades at $118,400. You place a limit buy for 0.1 BTC at $116,000: order value $11,600, margin required $1,160 at 10x leverage. If BTC trades down through $116,000 you fill at $116,000 or better. If it never gets there, the order stays open until you cancel it.A buy limit placed above the current price (or a sell below it) is marketable: it begins filling immediately like a market order, capped at your limit price.