Coinbase, Exchanges

Can You Set Limit Orders on Coinbase App?

Yes, you can set limit orders on Coinbase App.

When you place a limit order, you specify the price at which you’re willing to buy or sell. Your order will only be executed if the market price reaches your specified price.

This ensures that you won’t have to pay more or sell for less than you’re comfortable with.

NOTE: WARNING: Limit orders are not available on Coinbase App. Coinbase App only allows you to buy and sell cryptocurrency at market prices. Trading with limit orders requires a more advanced platform than Coinbase App and could involve greater risk than trading with market orders.

Limit orders can be especially useful if you’re trying to get the best possible price for your trade. By setting a limit order, you can wait for the market to move in your favor before your trade is executed.

Of course, there’s no guarantee that your limit order will be filled. If the market price never reaches your specified price, your order will simply sit on the order book until it’s canceled or until the market price finally does reach your price.

Overall, setting limit orders on Coinbase is a great way to get the best possible price for your trades. Just be aware that there’s no guarantee that your order will be filled, and be sure to cancel it if the market doesn’t move in your favor.

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