What is a Limit Order?

A limit order is placed to buy or sell a pre-defined amount of cryptocurrency at a set price. Execution of this order type is not guaranteed until a price requested by the placing user can be matched with an opposite order from another user. Until full execution, the order may be canceled by the user at any time. 

These orders may be partially completed if there is currently not sufficient volume at a matching price to cover the entire order. The remainder of the order will be left open until closed by another matching order. The remainder of the order may be canceled as well, returning the remainder to user's balance. 

The executed part of a limit order may not be reversed or returned. 

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  • 0

    How long is a Limit order valid for. Does it expire at all if there's no matching price from the other user

  • 0
    Akhil G

    It doesn't expire and will stay active till it finds the match.

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