limit order / limit sell

what is a 'limit order'?

A limit order or limit sell specifies how much of  a crypto asset you want to buy or sell for a certain price. Its very common in the cryptocurrency market to use sell and buy orders. With a limit sell order you can prevent your crypto assets to fall further or in case you set a buy order you can enter the crypto market as soons as your desired price target is reached. Limit orders will get automatically executed as soon as the set price is reached.

Drawbacks

But not always can the order be filled sometimes if it takes to long to find a buyer or seller than the limit order can be canceled.

Benefits

While a limit order is not always guaranteed, it does provide a crypto investor the tools to not miss an opportunity to buy or sell at a specifc price target.

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