Limit order allows you to BUY/SELL tokens at your desired prices. Suppose if you want to ‘BUY’ BTC at $20,000 and the current market price of BTC is around $21,000, you use limit order to make the purchase.
If the price falls to that level, your purchase will be executed.
In the same way, if you want to SELL your BTC at a higher price than the current trading prices, you again use a limit order to sell your BTC.
Let’s see how you can use limit order on Klever Exchange
Step 1: Login to your account
Step 2: Click on the Trade tab, top left side of the exchange homepage
Step 3: Select the BUY or SELL (as per your requirement)
Step 4: Enter the Price of the token at the rate you are willing to BUY or SELL
Step 5: You can either enter the amount on your own or use the percentage of amount you want to trade
Step 6: Confirm your order by pressing the BUY or SELL button
Now your order has been placed, which you can see on the right side of your screen in the order book.
As soon as you place an order, it is added to the list and once the price of your choice is reached, your order will be executed.
You can anytime cancel the order from the order book.
Suppose you have placed an order for 10 BTC and you could only purchase 3 BTC, you can always cancel the order whenever you want and the balance for buying 7 BTC will be automatically credited back to your exchange wallet.
Sometimes, if you want to place an order and the BUY and SELL button don’t work; it means you have a lesser amount or token in your exchange account.
Before placing a limit order, always check your account holdings.
