In limit buy the user has the control at what price the quoted currency will be bought at. It offers the advantage of being assured the market entry or exit point is at least as good as the specified price. This order most of the time is not instant rather the exchange will wait till the target price is reached.
Note: In this order type there is no market slippage so the order is executed at the exact bid price
To place Limit buy:
- From the drop-down menu select Limit buy
- Select your base currency and quote currency
- Enter the quantity (of quote coin) in “Quantity” which you want to buy
- Enter the amount in the form of base currency you want to buy in “TOTAL”
- Edit the bid price in “Price” or buy at the concurrent price.
- Place the order by clicking on the submit order button.
Note: Always do cross check your placed order in order history