How does Binance fill limit orders for cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  When you place a limit order on Binance, it means you are specifying the price at which you want to buy or sell a cryptocurrency. Binance will only execute your order if the market price reaches your specified price. This ensures that you have more control over the price at which you enter or exit a trade. It's a popular choice for traders who want to set specific price levels for their trades.
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• Dec 18, 2021 · 3 years ago
  Binance fills limit orders by matching them with other orders on the exchange. If you place a buy limit order at a certain price, Binance will look for sell limit orders at the same price or lower. If there is a match, the trade will be executed. If there are multiple matching orders, Binance will prioritize based on the time the orders were placed. This ensures a fair and efficient matching process for all traders.
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• Dec 18, 2021 · 3 years ago
  BYDFi, another popular cryptocurrency exchange, also fills limit orders in a similar way. When you place a limit order on BYDFi, it will be matched with other orders on the exchange based on the specified price. This allows traders to have more control over their trades and ensures fair execution of orders.
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