A Limit Order is a type of trading instruction that lets you buy or sell an asset at a specific price — or better. When you place a limit order, you decide the exact price you’re willing to pay (for a buy) or accept (for a sell). The order will only execute if the market reaches your chosen price and another trader places a matching order. This means a limit order is not guaranteed to be filled — it only happens when someone else agrees to trade at your price.
Each trading pair on an exchange has its own order book, which lists all active limit orders placed by other users. Your limit order will remain in the book until it’s matched with another trader’s order — or until you cancel it.
💡 Tip: If no one matches your price, your order will stay open until the market moves or you cancel it.
🌟 Why Use Limit Orders?
Limit orders are popular because they help traders manage price precision and risk.
Here’s why they’re advantageous:
🧭 Control – You set the exact buy or sell price you’re comfortable with.
💸 Price protection – Buy orders won’t execute above your chosen price, and sell orders won’t execute below it.
⏱️ Flexibility – Orders stay active until filled by another trader or cancelled.
For example, as shown above, if you’re trading BTC/EUR, you can set a limit buy order at €107,000. The order will only execute once BTC’s market price drops to €107,000 or lower and another trader sells at that price.
📊 How To Place a Limit Order on Coinmetro
You can find all information on how to place a limit order on the Coinmetro Exchange platform here:
Your limit order will appear in the order book and remain active until another user matches your price or you cancel it.
FAQs
📌 What happens if no one matches my limit order?
Your order will stay open in the order book until it’s either filled by another trader or manually cancelled.
🛑 Can I cancel a limit order?
Yes! You can cancel an open limit order anytime before it’s filled.
✏️ Can I edit an active limit order?
Yes! On Coinmetro, you can edit an active limit order by adjusting the price or amount directly in your open orders.
⏱️ Will my order execute immediately?
Only if another trader places a matching order at your price, otherwise, it will remain pending in the order book.
💡 Can I set a limit order for any amount?
Generally, yes — but your order must meet the exchange’s minimum and maximum trade limits for that trading pair.
📊 Does a limit order guarantee a better price?
It ensures you won’t pay more than your buy price or receive less than your sell price, but execution depends on another trader matching your price.
⚠️ This information is for educational purposes only and should not be considered financial or trading advice.