Is it possible to set a limit order to buy cryptocurrencies on GDAX?
Tade StrehkDec 16, 2021 · 3 years ago3 answers
I'm new to GDAX and I'm wondering if it's possible to set a limit order to buy cryptocurrencies on the platform. Can I specify the price at which I want to buy a particular cryptocurrency? How does it work?
3 answers
- Dec 16, 2021 · 3 years agoYes, it is possible to set a limit order to buy cryptocurrencies on GDAX. With a limit order, you can specify the maximum price you are willing to pay for a particular cryptocurrency. GDAX will then execute the order if the market price reaches or falls below your specified price. This allows you to have more control over your buying price and potentially get a better deal.
- Dec 16, 2021 · 3 years agoAbsolutely! GDAX supports limit orders for buying cryptocurrencies. When placing a limit order, you can set the price at which you want to buy a specific cryptocurrency. If the market price reaches or falls below your specified price, GDAX will execute the order. This feature is particularly useful if you have a target buying price in mind or if you want to take advantage of potential price dips.
- Dec 16, 2021 · 3 years agoYes, GDAX allows you to set limit orders to buy cryptocurrencies. By setting a limit order, you can specify the maximum price you are willing to pay for a particular cryptocurrency. If the market price reaches or falls below your specified price, GDAX will automatically execute the order. This feature gives you more control over your buying strategy and helps you make informed decisions based on your desired price range. Please note that GDAX may charge fees for executing limit orders, so make sure to check their fee structure for more information.
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