: On many platforms, limit orders are classified as "maker" orders, which often carry lower transaction fees than immediate "taker" market orders. Advantages and Risks What Is a Limit Order? When To Use, Advantages, and Risks
When you set a buy limit, you specify the maximum price you are willing to pay. bitcoin buy limit
: If the market never reaches your price, the order remains "open" on the exchange’s order book until you cancel it or it expires. Common Strategies : On many platforms, limit orders are classified