Binance Academy
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What is a Limit order?
Résumé
A Limit order is an order that you place in the order book with a specific price limit. You determine the limit. The order will be executed only if the market price reaches (or exceeds) the limit. Therefore, you can use Limit orders to buy at a lower price or sell at a higher price than the current market price.
Unlike Market orders, where trades are executed instantly at the current market price, Limit orders are placed in the order book and are not executed immediately. In most cases, Limit orders incur lower fees because you are trading as a maker rather than a taker.
A Limit order is an order that you place in the order book with a specific price limit. You determine the limit. The order will be executed only if the market price reaches (or exceeds) the limit. Therefore, you can use Limit orders to buy at a lower price or sell at a higher price than the current market price.
Unlike Market orders, where trades are executed instantly at the current market price, Limit orders are placed in the order book and are not executed immediately. In most cases, Limit orders incur lower fees because you are trading as a maker rather than a taker.
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