What is a limit order?

A limit order is an order that you place on the order book with a specific limit price. The limit price is determined by you. The trade will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or to sell at a higher price than the current market price.

What is a stop-limit order in Binance?

Binance Spot Limit A stop-limit order is a combination of a stop order and a limit order. You can use a stop-limit order for buying/selling stocks and stop-loss. There are certain risks involved in stop-limit orders, such as no-guaranteed execution, partial fills, and paying a larger commission.

How do I adjust the order limit on Binance?

To adjust the order limit, go to the P2P trading homepage on the Binance App and tap [Ads]. Here you can see all your ads. Tap on the dots and choose [Edit Detail] or [Quick Edit] to adjust the lower limit. To close the ad, tap [Close].

What is an example of a stop-limit order?

For example, if you own 100 shares of ABC and set up a stop-limit order to sell if the price reaches $8, setting the limit price to be at $7.75. Imagine that the stock trades below $8, triggering the stop price, but the stock has no buyers at that moment.