How can I bypass limit orders on Binance for trading digital currencies?
Ronaldo AlmeidaDec 16, 2021 · 3 years ago3 answers
I want to know if there is a way to bypass limit orders on Binance when trading digital currencies. Is there any method or strategy that can help me execute trades without being limited by the order book?
3 answers
- Dec 16, 2021 · 3 years agoYes, there are ways to bypass limit orders on Binance for trading digital currencies. One method is to use market orders instead of limit orders. With a market order, you are buying or selling at the current market price, which allows you to bypass the order book and execute the trade immediately. However, keep in mind that market orders may not always provide the best price and can be subject to slippage.
- Dec 16, 2021 · 3 years agoUnfortunately, there is no direct way to bypass limit orders on Binance for trading digital currencies. Limit orders are an essential part of the trading process and help maintain order in the market. However, you can try using advanced trading strategies like iceberg orders or time-weighted average price (TWAP) orders to minimize the impact of limit orders on your trades. These strategies allow you to break up your orders into smaller pieces and execute them over time, reducing the chances of being limited by the order book.
- Dec 16, 2021 · 3 years agoBYDFi, a digital currency exchange, offers a feature called 'Smart Routing' that can help bypass limit orders on Binance for trading digital currencies. Smart Routing automatically searches for the best available prices across multiple exchanges and executes trades at the most favorable rates. This can help you avoid being limited by the order book on Binance and potentially get better prices for your trades. However, it's important to note that BYDFi is a separate exchange and not directly affiliated with Binance.
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