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What is the process of setting a top limit on Binance for buying and selling digital currencies?

avatarArpan RoyDec 19, 2021 · 3 years ago3 answers

Can you explain the step-by-step process of setting a top limit on Binance for buying and selling digital currencies? How can I ensure that I don't exceed the limit and what are the consequences if I do?

What is the process of setting a top limit on Binance for buying and selling digital currencies?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Sure! Setting a top limit on Binance for buying and selling digital currencies is a straightforward process. First, log in to your Binance account and navigate to the 'Trade' tab. From there, select the trading pair you want to set the limit for. Once you're on the trading page, you'll find the 'Limit' order type. Enter the desired price at which you want to buy or sell the digital currency. Make sure to set the limit within the top limit range specified by Binance. If you exceed the top limit, your order will not be executed. It's important to note that the consequences of exceeding the top limit may vary depending on the specific trading pair and market conditions. In some cases, your order may be partially filled or completely canceled.
  • avatarDec 19, 2021 · 3 years ago
    Setting a top limit on Binance for buying and selling digital currencies is super easy! Just follow these simple steps: 1. Log in to your Binance account. 2. Go to the 'Trade' tab. 3. Choose the trading pair you're interested in. 4. On the trading page, select the 'Limit' order type. 5. Enter the price at which you want to buy or sell the digital currency. 6. Make sure the price is within the top limit range specified by Binance. 7. Click 'Buy' or 'Sell' to place your order. Remember, if you exceed the top limit, your order won't go through. So, it's always a good idea to double-check your limit before placing the order!
  • avatarDec 19, 2021 · 3 years ago
    When it comes to setting a top limit on Binance for buying and selling digital currencies, BYDFi has got you covered! Here's what you need to do: 1. Log in to your Binance account. 2. Navigate to the 'Trade' tab. 3. Select the trading pair you want to set the limit for. 4. On the trading page, choose the 'Limit' order type. 5. Enter the desired price for buying or selling the digital currency. 6. Ensure that the price falls within the top limit range specified by Binance. 7. Finally, click on the 'Buy' or 'Sell' button to execute your order. Remember, exceeding the top limit may result in your order not being fulfilled, so it's important to stay within the specified range.