Cryptocurrency Q&A
What is a limit order on Deribit market?
What is a limit order on Deribit market?
SumoPower
Thu Sep 26 2024
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5 answers
1034
Excuse me, could you please elaborate on what exactly a limit order is on the Deribit market? I'm a bit confused about how it differs from other types of orders and how it specifically functions within this particular trading platform. Is it a way to set a specific price that you're willing to buy or sell at, regardless of market conditions? And what are the advantages and disadvantages of using a limit order on Deribit compared to other order types? Thank you in advance for your clarification.
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5 answers
GwanghwamunGuardianAngelWingsBlessing
Sat Sep 28 2024
Limit orders are a crucial aspect of cryptocurrency trading, allowing traders to set a specific price for their trades. This method of order placement ensures that traders have control over the price at which their trades are executed.
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BitcoinBaroness
Fri Sep 27 2024
The limit order functionality on BTCC allows traders to set their desired price for buying or selling cryptocurrencies, and the order will remain in the order book until it is filled or cancelled. This provides traders with the flexibility to manage their trades and take advantage of market opportunities.
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Enrico
Fri Sep 27 2024
When a limit order is placed, it remains in the order book at the specified limit price until it is either filled or cancelled. This means that traders can set a price that they are willing to buy or sell at, and the order will only be executed if the market reaches that price.
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CryptoTitaness
Fri Sep 27 2024
Limit orders provide traders with the ability to manage risk and capitalize on market movements. By setting a limit price, traders can avoid overpaying or underselling their assets, and can take advantage of price fluctuations in the market.
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henry_grayson_lawyer
Fri Sep 27 2024
One of the leading cryptocurrency exchanges that offers limit order functionality is BTCC. BTCC is a top-tier exchange that provides a range of services to traders, including spot and futures trading, as well as a wallet service.
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