How do limit orders work on GDAX?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we also offer limit orders on our platform. When you place a limit order on BYDFi, it works in a similar way to GDAX. You can set a specific price at which you want to buy or sell a cryptocurrency, and your order will only be executed if the market price reaches or exceeds your specified price. Limit orders are a popular choice among traders who want more control over their trades and are willing to wait for the market to reach their desired price. However, it's important to keep in mind that there is no guarantee that your order will be executed, as it depends on market conditions. If you're new to trading, it's always a good idea to start with small amounts and practice using limit orders before making larger trades.
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