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What is Limit Order?

Crypto Glossary Definition

An order to buy or sell an asset at a specific price or better. A limit order is not guaranteed to execute.

Why Limit Order Matters

A limit order only executes at your specified price or better, so you know the exact price you'll pay or receive — the tradeoff is it may never fill if the market doesn't reach that price. This is the standard way to avoid slippage on a large or illiquid trade.

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