All cryptocurrencies listed on Coinmetro can be traded using limit orders on the Exchange Platform.

How to Place a Limit Order

Limit orders are advantageous over Market orders as they give users more control over the buying and selling prices of their trades.

Firstly, from your Coinmetro Dashboard, head to the 'Exchange' tab at the top of the page. This will bring you to the Coinmetro Exchange Platform.

On the left-hand side, you will see the Exchange Order Form. You will need to select the pair that you wish to trade by using the dropdown menu above the order form. In this example, we are trading BTC/EUR.

Then, 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.

Make sure that the Order Type is set to Limit as shown below. Otherwise, you will be placing a Market Order. Then, enter your desired price in the 'Limit Price' box shown below. In the example here, we have set the maximum price to 19,994.2. This means that we will be buying BTC at a price of 19,994.2 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'. 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 or Limit Sell depending on the order type. The order will then be displayed in the BTC/EUR order book.

Congratulations, you have now successfully placed a limit order! Coinmetro’s Demo Platform is always available if you would like to practice without risk. Please note that this article is for educational purposes only.

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