Limit orders are the most commonly used order type, allowing you to buy or sell at your desired price. Available immediately after registering on Binance. Download the Binance APP to easily place limit orders on your phone.
What Is a Limit Order
A limit order means you set a price, and the order automatically executes when the market reaches your specified price. For buys, you set a price below the current market price; for sells, you set a price above the current market price.
Steps to Place a Limit Order
- Go to the spot trading page
- Select the trading pair (e.g., BTC/USDT)
- Select "Limit" as the order type
- Enter your target price
- Enter the buy/sell quantity
- The system displays the required spend / expected proceeds
- Confirm and tap "Buy" or "Sell"
Advantages of Limit Orders
- Automatically executes at your target price without watching the market
- Get a better price when buying
- Lock in your desired profit level when selling
- Maker orders may enjoy lower trading fees
Important Notes
Limit orders are not guaranteed to execute. If the market price never reaches your set price, the order will remain open. You can cancel unfilled limit orders at any time.