Limit Orders

Orders to buy or sell a digital asset at a specified price or better, only executing if the market reaches that price.

What is Limit Orders?

Limit orders allow traders to set a maximum buy price or minimum sell price, adding to the order book until matched, with no execution guarantee. On Binance, a limit buy for BTC at $60,000 only fills if asks drop to or below that; otherwise, it remains open. These are typically maker orders, adding liquidity and earning lower fees like 0.3%.

All visible orders in the book are limits, as market orders fill immediately. For risk management, use limits during expected downturns, like buying below current price. Options like post-only ensure they add liquidity without instant filling.