A limit order allows you to trade cryptocurrencies at a specified price, which may differ from the current market price.
When you place a limit order, you decide how much crypto you want to buy or sell and at what price. Then the order is sent to the order book and will be executed when the market price reaches the price you’ve indicated. You can place a limit order on the Trade page of the CEX.IO website.
Limit orders may be partially completed if there is not a sufficient volume of orders at a given price to cover the entire order amount. The remainder of the order will then be left open until it’s closed by a matching order or canceled. The executed part of a limit order may not be reversed.