Limit Order
An order to buy or sell an asset at a specified price or better, without guaranteeing execution.
A limit order instructs an exchange to trade only at the specified limit price or a better price. It offers price control, but it may sit unfilled if the market never reaches that level.
Limit orders can add liquidity when they rest on the order book, or remove liquidity if they immediately match an existing order. Fee schedules often distinguish maker and taker behavior.
Limit orders can fill partially, fill over time, or never fill. Large orders may reveal intent, and fast markets can move away before the order executes.
Common time-in-force and execution options include Good-Till-Canceled (GTC), Immediate-Or-Cancel (IOC), Fill-Or-Kill (FOK), and post-only. Each option changes how long the order remains active and whether partial fills are allowed.
Related terms
3 linkedExplore connected entries beyond the alphabetical index.
Market Order
→A market order buys or sells immediately at the best available prices, prioritizing execution over price certainty.
Liquidity
→How easily an asset can be bought or sold in size without causing a large price move.
Bid-Ask Spread
→The difference between the highest bid and lowest ask price for an asset.
All terms and definitions may update as the Cryptionary improves.
