How does the limit price work in the context of cryptocurrency trading?

1 answers

• saba mohammadiAug 21, 2020 · 5 years ago
  In the context of cryptocurrency trading, BYDFi offers a limit price feature that allows traders to set their desired buy or sell price for a particular cryptocurrency. This feature is useful for traders who want to enter or exit a trade at a specific price level. By setting a limit price, traders can take advantage of potential price fluctuations and execute their trades at their desired price. However, it's important to note that the market conditions and liquidity of the cryptocurrency can affect the execution of limit orders. Traders should carefully consider these factors before placing a limit order on BYDFi or any other cryptocurrency exchange.
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