Limit Order / Limit Buy / Limit Sell Definition - Glossary

Limit Order is an instruction to buy or sell a cryptocurrency at a specified price or better.

A Limit Order is a directive to execute a transaction at a predetermined price. In a Limit Buy, the purchase is only made when the asset’s price is at or below the set limit. Conversely, a Limit Sell occurs when the price is at or above the specified limit. This strategy allows traders to optimize their buying or selling price, though execution is not guaranteed if the market doesn’t reach the desired level. It’s a useful tool for managing risk and capitalizing on specific price points.