How does the 'sell limit' feature work on cryptocurrency exchanges?

3 answers

• Dec 16, 2021 · 3 years ago
  The 'sell limit' feature on cryptocurrency exchanges allows users to set a specific price at which they want to sell their cryptocurrencies. When the market price reaches or exceeds the set price, the exchange automatically executes the sell order. This feature is useful for traders who want to sell their cryptocurrencies at a certain price without constantly monitoring the market. It helps to minimize the risk of selling at a lower price than desired.
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• Dec 16, 2021 · 3 years ago
  When you place a 'sell limit' order on a cryptocurrency exchange, you are essentially setting a minimum price at which you are willing to sell your cryptocurrencies. If the market price reaches or exceeds your set price, the exchange will execute the sell order. This feature gives you more control over your selling strategy and allows you to potentially maximize your profits.
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• Dec 16, 2021 · 3 years ago
  The 'sell limit' feature is a common tool offered by many cryptocurrency exchanges, including BYDFi. It allows users to set a specific price at which they want to sell their cryptocurrencies. Once the market price reaches or exceeds the set price, the exchange automatically executes the sell order. This feature is particularly useful for traders who want to sell their cryptocurrencies at a specific price point, regardless of market fluctuations.
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