Supported Order Types
Spot trading supports the following order types: Limit Order and Market Order.
Limit Order
A Limit Order allows the user to set the quantity and the highest price they are willing to pay for a buy order or the lowest price they are willing to sell at. The order will only be executed when the market price meets the limit order price range.
A buy limit cannot be higher than 120% of the latest price.
A sell limit cannot be lower than 80% of the latest price.
Note:
Limit orders have no time limit and the order will be executed when the price matches.
After placing an order, it will remain in an open state if the price is not matched. If no matching price is found, the order will remain unfilled.
Before the order is filled, it can be canceled at any time without a fee.
After cancellation, funds will be returned to the account and can be checked in the account balance or transaction history.
If the buy limit price is higher than the current market price, it will be executed at the market price (best available).
If the sell limit price is lower than the current market price, it will be executed at the market price (best available).
Market Order
A Market Order allows the user to buy or sell immediately at the best available market price to achieve a quick transaction.
The transaction price will not exceed 20% of the latest market price.
If the price exceeds this range, the system will automatically cancel the order.