What is a Limit Order?

Hi Tokonauts,

A Limit Order is an instruction you give to enter an order into the order book at a specific price. This order will only be executed if the market price reaches or surpasses the limit price you set.

You can use a Limit Order to buy at a lower price or sell at a higher price than the current market price.

Limit Order Example

Buy Orders:

• If you place a buy order with a limit price (C) below the current price (A), the order will be executed when the price reaches or drops below the limit price (C).
• If you place a buy order with a limit price (B) above or equal to the current price (A), the order will be filled immediately around the current price.

Sell Orders:

• If you place a sell order with a limit price (B) above the current price (A), the order will be executed when the price reaches or rises above the limit price (B).
• If you place a sell order with a limit price (C) below or equal to the current price (A), the order will be filled immediately around the current price.

How to Use a Limit Order on Tokocrypto

Buy:

1. Go to [Trade] - [Spot] and select a trading pair.
2. Select [Buy] - [Limit].
3. Enter your desired buy price.
4. Specify the amount of the asset you want to buy or adjust the percentage of your Wallet balance.
5. Click [Buy BTC] to place the limit purchase order.

Sell:

1. Go to [Trade] - [Spot] and select a trading pair.
2. Select [Sell] - [Limit].
3. Enter your desired sell price.
4. Specify the amount of the asset you want to sell or adjust the percentage of the asset to be sold.
5. Click [Sell BTC] to place the limit sale order.

How to View Order History

Tokocrypto Website:

• Open orders can be found under [Open Orders]. Click the trash icon to cancel an order.
• Filled order history can be found under [Trade History].

Tokocrypto App:

• Go to [Trade] - [Spot], then click the page icon next to the [Fund] tab.
• Open orders can be found in the [Open Orders] tab, while filled orders can be found in [Trade History].

By understanding Market Orders and Limit Orders and how to place them, you can trade crypto on Tokocrypto more wisely.

If you have any questions or need further information, you can contact our Customer Support Team via 24/7 Live Chat. This service is officially available and free of charge.

Thank you for your support!

The Tokocrypto Team

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