A Limit Order is a type of order you place in the order book at a price you specify. With a limit order, your trade will only be executed if the market price reaches your specified price or better. You can use a limit order to buy at a lower price or sell at a higher price than the current market rate.

Unlike a market order, which executes instantly at the current market price, a limit order is queued in the order book and will only execute once the market meets your desired price. This makes limit orders more cost-efficient, as you typically pay lower fees compared to market takers.

How to Place a Limit Order on BTSE.ID

To create a limit order:

1. Log in to your BTSE.ID account.
   
   

2. Select the trading pair you want (e.g., BNB/IDR).
   
   

3. Navigate to the trading screen and select the Limit Order tab.
   
   

4. Enter the price and amount of the asset you wish to buy or sell.
   
   

5. Click Buy or Sell, depending on your desired trade direction.
   
   

You can also choose a percentage of your balance to buy or sell (e.g., 25%, 50%, 75%, or 100%) to make the process easier and faster.

Once confirmed, your limit order will be added to the order book and can be viewed under the Open Orders section.

When Should You Use a Limit Order on BTSE.ID?

Limit orders are ideal when you're not in a rush to trade. Since they aren’t executed immediately, you must wait until the market reaches your specified price.

Here are a few reasons to use limit orders:

• To get a better price: Buy at a lower price or sell at a higher price than the current market rate.
  
  

• To place trades at support or resistance levels: Limit orders allow you to set entries and exits near key technical price points.
  
  

• To split large orders: You can break up a big trade into smaller limit orders to potentially get a better average price.
  
  

Conclusion

Limit orders are a powerful tool for setting your own buy or sell price. If you're not in a hurry and want to maximize your trade value, a limit order is the right choice.

If you need more help or run into any issues, feel free to contact BTSE.ID Customer Support.

Happy trading on BTSE.ID!