What are the advantages of using a limit buy order on Coinbase compared to market buy?

1 answers

• DovetailJun 07, 2021 · 4 years ago
  As a representative from BYDFi, I can tell you that using a limit buy order on Coinbase can be a great strategy for buying cryptocurrencies. It allows you to set a specific price at which you want to buy, giving you more control over your purchases. This can be especially useful during periods of high volatility, as it allows you to avoid buying at inflated prices. Additionally, using a limit buy order can help you take advantage of potential price dips and buy at a lower price than the current market price. This can increase your potential profits and minimize your risks. Overall, using a limit buy order on Coinbase is a smart move for any cryptocurrency investor.
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