Bianca
Wed Jun 26 2024
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6 answers
1255
What is a limit buy on KuCoin?
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.
HanjiArtistryCraftsmanshipMasterpiece
Tue May 14 2024
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7 answers
1074
What is Coinbase limit buy?
Hmm, interesting question. Could you clarify what you mean by 'Coinbase limit buy'?" "Well, I've heard of Coinbase, it's a popular cryptocurrency exchange. But I'm not sure what 'limit buy' refers to specifically on their platform." "Alright, let me explain. On Coinbase, 'limit buy' refers to a type of order that allows you to specify the maximum price you're willing to pay for a certain cryptocurrency. This is different from a 'market buy' where you buy the crypto at the current market price." "So, with a limit buy, you set a price limit and Coinbase will execute the purchase only if the market price reaches or falls below your specified limit. This gives you more control over the price you pay, but it also means the purchase may not be executed immediately if the market price remains above your limit." "Does that make sense? Or do you have any further questions about Coinbase or limit buys?" "Yes, that clears it up for me. Thank you for the explanation!
