#BINANCE PRICE CANNOT BE GREATER THAN HOW TO#

When placing a Stop-Limit Order, you may want to select a conditional order type to modify your Stop-Limit Order's behavior. Limit price: The selected (or potentially better) price at which the stop-limit order is executed. Stop price: When the current asset price reaches the given stop price, a limit order is placed to buy/sell the asset for no more (or less) than specified by the limit price. A stop price is a trigger for the limit order to be placed, and the limit order is the maximum (or minimum) amount that you will pay/receive. Rather, you have an ideal price target that you want to enter the market or take profits at and want to set your order to automatically fill if that price is reached.Ī Stop-Limit Order is used to place a Limit buy/sell order once the market price reaches the designated Stop price. If the price of BTC reaches $25,000 your order will automatically be filled at that price, you will therefore receive 625 USDT ($25,000 X 0.025).

Limit Sell: You set a limit order to sell 0.025 BTC at $25,000 (per BTC).

If the price of BTC reaches $20,000 your order will automatically be filled at that price, you will therefore pay 500 USDT for 0.025 BTC ($20,000 X 0.025).

Limit Buy: You set a limit order to buy 0.025 BTC at $20,000 (per BTC).

*Note: Conditional order types are currently only available on the web (and not yet on the mobile app). If you are on the web version of the Binance.US trading interface, you can choose between Post Only, Iceberg, and Time in Force (TIF) order types. When placing a Limit Order, you may want to select a conditional order type to modify your Limit Order's behavior.

Your order is only filled if the price reaches your desired target. When you set a limit order, you choose the amount of crypto you want to buy/sell, and the price you want to pay/receive. It requires patience as the order will not be filled unless the asset reaches the price you specified (potentially never).

#BINANCE PRICE CANNOT BE GREATER THAN HOW TO#

How to Trade on Binance.US (Market & Limit Orders)Ī Limit Order is used to buy/sell crypto at a specific price.You're either willing to accept the current market price for convenience, or you think that the current price is a good deal and likely go higher (if buying) or lower (if selling) in the future. You want to complete your trade immediately.You will receive 210 USDT in exchange for 0.01 BTC ($21,000 X 0.01). You place an order to sell 0.01 BTC at the market price. Market Sell: The current price of BTC is $21,000.You place an order to buy 210 USDT worth of BTC at the market price. Market Buy: The current price of BTC is $21,000.Market orders are executed instantly at the current market price. See instructions for placing an OCO here.Ī Market Order is used to make an immediate buy/sell.

Note: Another popular trade type not referenced in this article is an OCO ( One Cancels the Other) order.

This article will explain the difference between the three major order types available on our trading screen and teach you when you should use them.įor instructions on how to set this type of order in the Binance.US trading interface, you can also view these separate instructional guides: one for How to Place Market and Limit Orders, and one for How to Place a Stop-Limit order.

Binance price cannot be greater than