A limit order is a type of order to buy or sell a cryptocurrency at your specified price or better.
Unlike market orders, limit orders are not executed instantly at the current market price. Limit orders are executed only when a market order equal to or better than the price you specified is received.
For buy limit orders, the order will only be executed when a seller is willing to sell to you at a price that is lower than or equal to your specified buy price. For sell limit orders, the order will only be executed when a buyer is willing to buy at a price that is higher than or equal to your specified sell price.
For example, if you place a limit order to buy bitcoin at the rate of N6,500,000 per bitcoin, your order will be fulfilled only for market orders that offer to sell at N6,500,000 or less .
When to place a limit order
Place a limit order when you want to specify a price and you do not need the order to execute instantly.
Placing a limit order
You can place a limit order that shows up in the order book using the postProLimitOrder mutation.
quantity: The amount of the base currency you want to buy or sell
price: The amount of the quote currency you to want to buy or sell the quantity you provided above
side: The order side either buy or sell
timeInForce: The timeInForce option for your order
Response
id: Unique identifier of the order
pair: The currency pair of the order
price: The price the order was executed at
side: The order side either buy or sell
status: The status of the orderpending, in_progress, cancelled, successful, failed, partially_filled
timeInForce: The timeInForce option of the order
orderType: The type of the order either limit_order, market_order
fees: The fees incurred for placing the order
filled: The amount of the base currency that was filled
total: An alias for initial base quantity.
initialBaseQuantity: The initial quantity of the base currency
initialQuoteQuantity: The initial quantity of the quote currency
remainingBaseQuantity: The remaining base quantity that has not been filled.
remainingQuoteQuantity: The remaining quote quantity that has not been filled. (Only applies to market buy orders)
meanExecutionPrice: The price that an order was executed at if it matched with one other order. The average price if it matched with multiple other orders.