What Is a Limit Order in Crypto?
A limit order is a type of crypto trade that lets you set the price at which you want to buy or sell. Unlike market orders, which execute instantly at the best available price, limit orders only go through when your specified price is met. This gives you more control over your entry and exit points, perfect for long-term strategies or buying the dip without the stress of timing it live.
Let’s say you want to buy Bitcoin at €25,000. Instead of waiting and watching the charts, you can set a buy limit order on Ka.app. As soon as Bitcoin hits that price, your order will execute automatically.
How to Create a Limit Order
Here’s how you can create a buy/sell limit order on Ka.app:
- Sign up for an account (if you haven’t already) and log in.
- Go to the home screen then tap ‘Buy’ or ‘Sell,’ depending on what you’d like to do.
- Tap ‘Set limit order.’
- Enter your target price limit.
- Enter the amount you’d like to buy or sell.
- Tap ‘Place order’ to confirm. Your order will stay open until the market reaches your price, and it will be completed automatically.
Note: Limit orders can only be set using USD Coin (USDC). You can either convert your existing cryptocurrencies to USDC or add more USDC into your wallet to continue.
What Is the Maximum Price You Can Set?
You can set any limit order you’d like on Ka.app. However, unusually large transactions may be subject to a KYC and KYT verification for compliance purposes.
Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptocurrencies are volatile, and thus, buying crypto carries inherent risks, including potential loss of funds, and may not be suitable for all investors. Always conduct your own research or consult with a qualified advisor before making financial decisions.
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FAQs
Wanna know more? Look no further
Limit orders allow you to buy or sell crypto only at a price you choose. If the market reaches your set price, the order is triggered automatically. If it doesn’t, your order remains open until filled or canceled.
A market order is executed instantly at the best available price. A limit order only executes if the market reaches your chosen price. Market orders prioritize speed, while limit orders prioritize price control.
Yes, absolutely. On Ka.app, you can cancel any open limit order at any time, as long as it hasn’t been executed yet. Just go to your Orders section, tap the order, and hit “Cancel.”
The main risk is that your limit price may never be reached, meaning your trade won’t execute. In highly volatile markets, the price might move quickly and skip over your order without triggering it.
Limit orders on Ka.app stay open until they’re either filled or manually canceled. There's no expiration unless you cancel it yourself, giving you full flexibility to plan ahead.
A stop-limit order adds a condition: it only becomes active once a specific stop price is reached. It then becomes a regular limit order. This is often used to automate trades based on market movement or to reduce losses.
A buy limit order for Bitcoin means you set the price you’re willing to pay, and the order is executed only when Bitcoin drops to that price or lower. It’s a smart way to buy during dips without constantly watching the charts.
On Ka.app, you’ll only be charged a service fee once your order has been completed.
If the market never reaches your price, the limit order stays open until you cancel it. You can modify or delete it anytime directly from the app.
