What Is a Limit Order in Spot?

Note:

1) The buy limit price must not exceed 110% of the last price. The sell limit price must not be less than 90% of the last price.

2) The actual filled price for a limit buy order may be equal to or less than the order price, but will not exceed it. Conversely, for a limit sell order, the actual filled price will be equal to or greater than the order price but will not fall below it.

2. Limit Buy Order (Take the ETH/USDT Pair as an Example)

The last ETH price is 1,800 USDT. If you wish to buy 1 ETH when the price falls to 1,700 USDT, at this time, you can place a limit order. Click “Limit” on the trading page and set the price and amount fields to 1,700 and 1, respectively. After confirmation, click “Buy ETH”.

Upon successful order placement, it enters the market for execution. The system arranges order matching with a priority on price, followed by time. If the limit buy order price exceeds the current market price, the order may be executed immediately. You can find the actual filled price of the order in the “Filled | Order Price” field under the “Order History” section.

The limit buy price cannot be higher than 110% of the last price. Otherwise, the limit order cannot be placed.

3. Limit Sell Order (Take the ETH/USDT Pair as an Example)

The last ETH price is 1,800 USDT. If you wish to sell 1 ETH when the price rises to 1,900 USDT, at this time, you can place a limit order. Click “Limit” on the trading page and set the price and amount fields to 1,900 and 1, respectively. After confirmation, click “Sell ETH”.

Upon successful order placement, it enters the market for execution. The system arranges order matching with a priority on price, followed by time. If the limit sell order price is below the current market price, the order may be executed immediately. You can find the actual filled price of the order in the “Filled | Order Price” field under the “Order History” section.

The limit sell price cannot be lower than 90% of the last price. Otherwise, the limit order cannot be placed.