Cryptocurrency Q&A
What is a limit buy on KuCoin?
What is a limit buy on KuCoin?
Bianca
Wed Jun 26 2024
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6 answers
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Could you elaborate on what a limit buy on KuCoin specifically entails? I'm curious about how this type of transaction differs from other buying options on the platform. Specifically, I'd like to understand how setting a limit price works, what happens if the market price doesn't meet the limit, and whether there are any advantages or disadvantages to using this method. Additionally, I'm interested in knowing if there are any fees or charges associated with limit buys on KuCoin, and if so, how they are calculated. Thank you for your assistance in clarifying this topic.
6 answers
CryptoKing
Fri Jun 28 2024
Trading with a limit order involves setting a predetermined price for the purchase or sale of a product.
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Alessandra
Fri Jun 28 2024
When buying with a limit order, the trader specifies the maximum price they are willing to pay for the product.
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EnchantedSoul
Thu Jun 27 2024
The order will only be executed if the market price reaches or falls below the specified limit price.
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KimonoElegance
Thu Jun 27 2024
Similarly, when selling with a limit order, the trader sets the minimum price they are willing to accept for the product.
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DigitalBaron
Thu Jun 27 2024
The order will only be filled if the market price rises to or exceeds the limit price.
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