01

How do limit orders work on Obiex?

This is how your limit order works: Set Your Price: Specify the price you want to buy or sell a cryptocurrency at. Wait For Price Target: Relax while we monitor the market for your price target. Automatic Execution: Once the market hits your desired price, your order is executed automatically.

02

When will my limit order be executed?

Your limit order will be executed when the market price reaches your specified limit price. If the market does not reach your price, the order will remain open until you cancel it or it expires (if you set an expiration date).

03

Can I cancel my limit order?

Yes, you can cancel your limit order any time before it is executed. Go to your open orders and select the order you wish to cancel.

04

What happens if my limit order is partially filled?

If your limit order is partially filled, the remaining portion will stay open until the market price reaches your limit price again or until you cancel the order.

05

How long does a limit order remain active?

A limit order remains active until it is fully executed, cancelled by the user, or reaches its expiration date if one was set. If no expiration date is set, the order will remain open indefinitely.

06

Can I set multiple limit orders for different prices?

Yes, you can set multiple limit orders for different prices and amounts.

07

What should I do if my limit order is not being executed?

If your limit order is not being executed, it might be because the market price has not reached your limit price. You can either wait for the market to move to your price or adjust your limit order to a more favourable price for quicker execution.

08

Are there any risks associated with limit orders?

The primary risk with limit orders is that they might not be executed if the market price does not reach your specified limit price. Additionally, in a rapidly changing market like crypto, the price may quickly move past your limit before the order can be fully executed.