Limit orders give traders more control over their buy and sell prices compared to market orders. Unlike market orders, which execute immediately at the best available price, limit orders allow you to specify the exact price at which you want to buy or sell a cryptocurrency. This is ideal for planning your trades, managing risk, and taking advantage of price movements.
All cryptocurrencies listed on Coinmetro can be traded using limit orders on the Exchange Platform, making it a powerful tool for both beginners and advanced traders.
📊 Step 1: Go to the Exchange Platform
You can access the Exchange Platform on both the mobile app and a web browser.
📱 On the Mobile App
📱 On the Mobile App
From the home screen, tap on the Menu icon (☰) in the top-left corner of the screen.
Tap on Exchange.
💻 On a Web Browser
💻 On a Web Browser
From your dashboard, go to the Menu on the left of the screen.
Click on Exchange.
🔄 Step 2: Select Your Trading Pair and Order Type
Use the dropdown menu above the price chart to select the Exchange pair you wish to trade (e.g., XCM/EUR).
Select either Buy or Sell, depending on the trade you want to execute.
Make sure Order Type is set to Limit.
Enter your desired price in the Limit Price box. The order will only execute at this price or better, giving you precise control over your trade.
⚡Step 3: Select Immediate Fill or Partial Fill
When placing a limit order, you may notice options for Immediate Fill or Partial Fill:
Immediate Fill: Your limit order will only execute if the entire amount can be filled at your specified price immediately. If the full amount is not available, the order will not be placed. This is useful if you want to guarantee your trade happens all at once.
Partial Fill: Your limit order can be filled partially, meaning that if only a portion of your order can be matched at your chosen price, that portion will be executed while the remaining amount stays open in the order book until fully matched or canceled. This gives you more flexibility in volatile markets.
Tip: Combining limit orders with Immediate Fill or Partial Fill allows you to manage your trade execution strategy effectively, depending on whether you prioritize full execution or partial flexibility.
💰 Step 4: Input the Trade Amount
Adjust the amount of currency you want to trade by sliding the bar or selecting Min/Max.
Review the fees that will be applied to your trade. Coinmetro displays maker and taker fees clearly below the amount bar.
✅ Step 5: Place Your Limit Order
Once you’ve set your price and amount:
Click Limit Buy or Limit Sell, depending on your order.
Your limit order will then appear in the order book, waiting to be matched by another trader.
⚠️ Important: Limit orders are two-sided, meaning your order will only execute when another trader matches your price. For example, if you sell BTC at 107,000 EUR, someone must place a buy order at that exact price for your order to be filled.
💡Additional Tips for Limit Orders
Risk Management: Use limit orders in combination with stop loss orders to manage potential losses in volatile markets.
Practice Safely: Coinmetro’s Demo Platform lets you practice limit orders using virtual funds without risking real money.
Disclaimer: Please note that the information in this article is intended for educational purposes only and should not be seen as financial advice.
FAQs
ℹ️ What is a limit order?
A limit order is an order to buy or sell a cryptocurrency at a specific price or better. It provides more control than a market order.
💵 What is the difference between a maker and taker fee?
A maker fee applies when your order adds liquidity to the order book, while a taker fee applies when your order removes liquidity by matching an existing order.
⚠️ Why is my limit order only partially filled?
Your order may be larger than the available orders at your chosen price. The order will be filled gradually as matching orders are placed.
🕒 Can I cancel my limit order?
Yes, limit orders can be canceled at any time before they are fully filled. If your order is partially filled, only the unfilled portion of your order will be canceled.
💡 Can I practice limit orders without risk?
Yes, Coinmetro’s Demo Platform lets you place limit orders using virtual funds so you can practice trading without risking real money.