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Limit

An order to buy or sell coins at a price you choose or better.

Buy limit order secures you get the price you set, or lower, if possible on the market. Sell Limit order secures you get the price you set or higher, if possible on the market.

Smart algorithmic orders, available on all exchanges in one interface

Limit

An order to buy or sell coins at a price you choose or better.

Buy limit order secures you get the price you set, or lower, if possible on the market. Sell Limit order secures you get the price you set or higher, if possible on the market.

Advanced trading terminal

Take Profit
Take Profit

Ensures you do not miss a profit at times when you can’t closely watch your trades

Stop Loss
Stop Loss

When the price falls, the system closes the transaction automatically

Trailing
Trailing

The feature that will follow the price and move your open order accordingly

OCO
OCO

Pair of trading orders, connected with a conditional link

Trading View
Trading View

Over 100 indicators and 50 smart drawing tools

100
mln orders
100mln orders
executed
since2017
2017
on 15+crypto exchanges

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FAQ

What is a limit order in trading?

A limit order allows you to specify the maximum price you’re willing to pay when buying, or the minimum you’ll accept when selling an asset. When placing a buy limit order, the asset will only be purchased at your set limit price or lower, whereas a sell limit order guarantees that your asset will be sold at the limit price you’ve determined or at a higher price.

What are the types of limit orders?

Limit orders are tailored to meet various trading strategies and preferences for risk management.

Common varieties include: Standard Limit Order, Stop-Limit Order, Immediate or Cancel (IOC) Order, Fill or Kill (FOK) Order, Good 'Til Canceled (GTC) Order, Day Order, All or None (AON) Order, Trailing Stop Limit Order, Scaled Order, and Iceberg Order.

On platforms like Bitsgap, you have the option to place several types of limit orders such as the Standard Limit Order, Stop-Limit Order, Trailing Stop Limit Order, and Scaled Order.

The Standard Limit Order is straightforward, allowing you to predetermine the price for buying or selling an asset.

The Stop-Limit Order is a hybrid that activates as a limit order once a certain stop price is hit.

The Trailing Stop Limit Order automatically adjusts its limit price in relation to market fluctuations by a set amount or percentage.

Lastly, the Scaled Order incrementally executes trades at progressively improved prices, facilitating smooth entry or exit from positions.

Is a limit order worth it?

The value of a limit order is contingent upon the trader’s individual objectives, tactical approach, and the prevailing market atmosphere. For example, should securing a certain price take precedence over the speed of transaction completion, employing a limit order could prove advantageous.

Moreover, for those operating within stringent budgetary limits, a limit order guarantees transactions do not exceed (or fall below) a set price. Additionally, in environments where market prices are prone to rapid and unpredictable changes, limit orders serve as a safeguard against sudden price surges.

What is an example of a buy limit order?

Let’s say bitcoin (BTC) is valued at $40,000 and your analysis determines $37,000 is the max you’ll pay.

You place a buy limit order for bitcoin at $37,000. This order is pending until bitcoin’s price falls to $37,000 or below.

If the price drops to $37,000, your order will execute and you’ll buy bitcoin at your limit price. You may even get it cheaper if the market dips more when your order processes.

If bitcoin doesn’t reach $37,000, your order won’t execute and you won’t purchase.

The buy limit order ensures you stick to your $37,000 limit, aligning with your investment goals and bitcoin valuation.