All cryptocurrencies listed on Coinmetro can be traded using limit orders on both the Classic and Beta Exchange Platforms. Limit orders are advantageous over Market orders as they give users more control over the buying and selling prices of their trades.
How to Place a Limit Order on the Classic Exchange
Firstly, on the left-hand side, you will see your Exchange Order Form. You will need to select either 'Buy' or 'Sell' depending on the trade you wish to make. In the example here, we are buying BTC with EUR.
You will then need to select the pair that you wish to trade by selecting your options using the dropdown menus. In this example, we are trading BTC/EUR.
Make sure that the Order Type is set to Limit as shown below. Otherwise, you will be placing a Market Order. Enter your desired price in the 'Limit Price' box shown below. In the example here, we have set the maximum price to 40,270. This means that we will be buying BTC at a price of 40,270 or lower. The order will always fill at a specified or better price.
You will need to select the percentage of currency you wish to trade. This can be adjusted by sliding the bar to the left or to the right, or by selecting 'Min' or 'Max'.
As we can see here, the slider is set to 100%. This means that we will be using 100% of our EUR wallet balances for this trade.
You can also see the fee you will incur with this trade below the bar. Maker fees are 0%, whilst taker fees are 0.1%.
Finally, all that is left to do now is to place your limit order! This can be done by hitting Limit Buy as shown below. The order will then be displayed in the BTC/EUR order book.
Congratulations - you have now successfully placed a limit order at Coinmetro!