Are there any tips for doing limit buys on Binance?

3 answers

• Dec 16, 2021 · 3 years ago
  When placing a limit buy order on Binance, it's important to set a realistic price that you're willing to pay for the cryptocurrency. Consider the current market conditions and the price history of the cryptocurrency to determine a suitable price. Additionally, make sure to set a reasonable expiration time for your limit buy order to avoid missing out on potential opportunities.
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• Dec 16, 2021 · 3 years ago
  One tip for executing limit buy orders on Binance is to use the 'Post Only' option. This ensures that your order will only be placed if it doesn't immediately match with an existing order on the order book. By using this option, you can avoid paying additional fees for market orders and potentially get a better price for your desired cryptocurrency.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, recommends using limit buy orders on Binance to take advantage of price fluctuations. By setting a specific price, you can buy the cryptocurrency when it reaches your desired price point. This strategy allows you to potentially get a better price and avoid buying at a higher price during market volatility.
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