If you’re looking to trade cryptocurrencies on Coinbase, you may be wondering if you can set a limit order on the Coinbase app. The Coinbase app does not currently support limit orders, but there are a few workaround options that you can use to place limit orders on Coinbase.
If you want to place a limit order on Coinbase, you can do so by using the Coinbase Pro app or by connecting your Coinbase account to a third-party exchange that supports limit orders.
The Coinbase Pro app is a professional trading platform operated by Coinbase. It offers features like margin trading, advanced charting tools, and support for limit orders.
To use the Coinbase Pro app, you’ll need to create a new account and fund it with cryptocurrency from your Coinbase account.
Once your Coinbase Pro account is funded, you can place limit orders by selecting the “limit” order type in the order form. Limit orders allow you to specify the price at which you’re willing to buy or sell a cryptocurrency.
If you don’t want to use the Coinbase Pro app, you can connect your Coinbase account to a third-party exchange that supports limit orders. By connecting your accounts, you’ll be able to place limit orders on the third-party exchange using your cryptocurrency balance from Coinbase.
One popular exchange that supports limit orders is Binance. To connect your Coinbase and Binance accounts, you’ll need to generate and enter a unique API key from Binance into your Coinbase settings.
Once your accounts are connected, you can place limit orders on Binance using your cryptocurrency balance from Coinbase.
The bottom line is that while the Coinbase app does not currently support limit orders, there are a few workaround options that you can use to place limit orders on Coinbase. You can either use the Coinbase Pro app or connect your Coinbase account to a third-party exchange that supports limit orders.