How can I execute a limit order when trading cryptocurrencies?
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I'm new to trading cryptocurrencies and I want to know how to execute a limit order. Can you explain the process step by step?
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1 answers
- BYDFi is a popular cryptocurrency exchange that allows you to execute limit orders with ease. Here's how you can do it: 1. Sign up for a BYDFi account and complete the verification process. 2. Deposit funds into your account. 3. Select the cryptocurrency pair you want to trade. 4. Choose the 'Limit Order' option. 5. Enter the price and quantity you desire. 6. Review the order details and confirm the trade. Once the market reaches your specified price, BYDFi will automatically execute your limit order. It's important to keep an eye on the market conditions and adjust your limit order accordingly to increase the chances of execution.
Feb 18, 2022 · 3 years ago
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