In the context of cryptocurrency exchanges, the term “limit” refers to a type of order that allows investors to specify the exact price at which they wish to buy or sell a cryptocurrency. When placing a limit order, investors determine a specific price at which they want to execute their transactions. The order is only executed when the market price reaches the set limit price or a better one. This article discusses everything about what a limit is, how it works, and its role in cryptocurrency exchanges. What is a Limit? In cryptocurrency exchanges, the often-seen term “limit” is a type of order given by an investor or trader to buy or sell a specific cryptocurrency at a predetermined price or a better one. When a limit order is used, the investor indicates the price at which they want to buy or sell the cryptocurrency, and the order is only […]
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