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How can I set up sell limit and buy limit orders on a cryptocurrency exchange?

avatarOludele DareDec 16, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I want to learn how to set up sell limit and buy limit orders on a cryptocurrency exchange. Can someone guide me through the process step by step?

How can I set up sell limit and buy limit orders on a cryptocurrency exchange?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure, I can help you with that! To set up a sell limit order on a cryptocurrency exchange, you first need to log in to your account and navigate to the trading section. Find the trading pair you want to trade and select the 'sell' option. Then, choose the 'limit' order type and enter the price at which you want to sell your cryptocurrency. Finally, specify the quantity you want to sell and click on the 'submit' button to place your sell limit order.
  • avatarDec 16, 2021 · 3 years ago
    Setting up a buy limit order is quite similar to setting up a sell limit order. After logging in to your cryptocurrency exchange account, go to the trading section and select the trading pair you're interested in. Choose the 'buy' option and then select the 'limit' order type. Enter the price at which you want to buy the cryptocurrency and specify the quantity you want to buy. Once you're done, click on the 'submit' button to place your buy limit order. Happy trading!
  • avatarDec 16, 2021 · 3 years ago
    If you're using BYDFi, the process is slightly different. To set up a sell limit order on BYDFi, you need to first log in to your account and navigate to the trading section. Find the trading pair you want to trade and select the 'sell' option. Then, choose the 'limit' order type and enter the price at which you want to sell your cryptocurrency. Specify the quantity you want to sell and click on the 'submit' button to place your sell limit order. Remember to review your order before submitting!