Before following this guide, make sure you select the SPOT market at the top of the dashboard!
The panel where you can place orders is by default on the outer left of your dashboard. Select Limit to continue.
Fill out all required fields.
- Price: the price at which you want the order to be executed. Placing a limit order means you want to buy or sell at a better price than market ask or market bid. Based on the screenshot, if you want to buy, price has to be lower than 3,709.03, and if you want to sell, price has to be higher than 3,705.30.
- Quantity: how much you want to buy or sell.
- Disc. Qty: "disclosed quantity," or the quantity you are willing to let other traders know. For example you want to buy 3 BTC with disclosed quantity of 1 BTC. System will first put an order of 1 BTC on the orderbook, and once that order is filled, renew it with another 1 BTC. This goes on until the full order is filled or cancelled.
Now let's sell 1 BTC at $4,000.00.
Check if everything is in order (pun intended), then click Submit Order. Click Dismiss if you want to edit anything.
System confirms that your order has been submitted. Click Dismiss to close the notification.
(open the image in a new tab to see it in full size)
Market price has not hit $4000 yet, so your balance in both BTC and USD is still unchanged. Your limit order is also "unfilled" at 0.00%. When the order is unfilled or just partially filled, you can cancel it by clicking on the Cancel button. The partially filled portion, if any, will be kept.
A limit order can be executed many times since one execution is not guaranteed to cover the whole order. Executions will happen as the order is matched.
Note that in all orders, slippage can happen.