What is a Limit Order?

A limit order is a way to place an order by setting your own price and quantity.

• To buy: A buy order is filled when the market price reaches the limit price you set.

• To sell: A sell order is filled when the market price reaches the limit price you set.

1. Price prioritized execution

Execution is prioritized by price, and at the same price, orders are prioritized by time.

Among orders at the same price, the order submitted first will be prioritized for execution.

2. Risk of Non-Execution

If the set price or order time priority is not reached, the order will not be filled.

3. Maker Fee Advantage

Because these orders provide liquidity to the order book, they typically have lower fees than market orders.

1. On [Futures] page, go to the order panel and select Limit as the order type.

2. Set how you want to hold the position by selecting Position Mode.

3. Set the Margin Mode to manage the risk of your position.

4. Set the leverage to use.

5. Enter the price at which you want the order to be filled (Order Price).

💡Tap the desired price in the order book and it will be applied directly to the order window for your convenience.

6. Enter the Order Quantity

You can specify the order quantity in one of the following units: coins, USDT, or contracts.

• Order by Qty

Enter the amount of cryptocurrency (e.g., 0.01 BTC).

• Order by Value

Enter the total value of your order in USDT (e.g., 1,000 USDT).

• Order by Contracts

Enter the quantity in contract units (e.g., 10 Contracts).

💡Depending on the input method you choose, the order quantity and margin are automatically calculated and displayed.

• Quantity/Value (Order Quantity)

◦ View the converted value of the order quantity you entered.

◦ Example: If you entered a quantity in USDT, see the value converted to BTC

• Cost (Margin)

◦ Check the margin that will be used to enter the position.

⚠️Please note that the figures shown are estimates for reference only and may differ from the actual amount, so please be careful when trading.

7. If necessary, set up Take Profit / Stop Loss (TP/SL) order to realize profit/loss at the specified price.

8. If necessary, set a Time in Force (TIF) to set the order's expiry time and execution conditions

9. Select the direction of the position.

• Open Long

◦ Select Long when you expect the price to increase.

• Open Short

◦ Select Short to sell when you expect the price to fall.