How does the limit price work when purchasing Ethereum?

4 answers

• Nov 29, 2021 · 3 years ago
  When purchasing Ethereum, the limit price is the maximum price you are willing to pay for each unit of Ethereum. If the market price reaches or falls below your limit price, your purchase order will be executed. This feature allows you to have more control over your buying price and helps you avoid unexpected price fluctuations. It's important to set a reasonable limit price based on market conditions and your trading strategy.
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• Nov 29, 2021 · 3 years ago
  The limit price is like setting a budget for your Ethereum purchase. Let's say you want to buy Ethereum at $200 per unit, but the current market price is $220. By setting a limit price of $200, your purchase order will only be executed when the market price reaches or falls below $200. This way, you can potentially save money by buying at a lower price. However, if the market price never reaches your limit price, your order may not be executed.
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• Nov 29, 2021 · 3 years ago
  When purchasing Ethereum, the limit price is a useful tool to ensure you buy at a specific price or better. For example, if you set a limit price of $250 and the current market price is $240, your order will be executed immediately at the market price of $240. However, if the market price is higher than your limit price, your order will not be executed until the market price reaches or falls below your limit price. This feature allows you to take advantage of potential price drops and make more informed buying decisions.
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• Nov 29, 2021 · 3 years ago
  At BYDFi, when you set a limit price for purchasing Ethereum, our platform will automatically execute your order when the market price reaches or falls below your specified limit price. This ensures that you can buy Ethereum at your desired price or better, giving you more control over your trades. It's important to note that the limit price feature is available on many other exchanges as well, allowing traders to set their buying prices according to their preferences and market conditions.
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