Limit orders are a type of order that allow you to set a target price, or a “limit”, for how much you're willing to pay to buy or sell a specific token. When the market price reaches the value of the limit order price that you’ve chosen, your trade will automatically trigger and your order will be filled. Simply choose your target buy/sell price, set it, then forget it.
Compared to market orders, limit orders provide a different level of control over the price that you buy or sell your cryptocurrency. Whereas market orders allow you to buy or sell a token immediately at the current market price available, limit orders allow you to select your ideal price in advance so that your trade will automatically execute if/when the market reaches your target price.
While limit orders are pretty handy, it's important to remember that the target price you select may not be reachable. If the coin you've chosen for your limit order never reaches your selected price, your order will remain open until it’s canceled.
Limit orders can be created on web through the coin chart page, or on mobile by using the order type drop-down menu.
My order was blocked by the trade engine, what gives?
Newton’s trade engine will block buy orders that are too similar to open sell orders on your account (and vice versa). This is because orders that are too similar in price would cause you to buy from yourself. To ensure that your order is accepted, please choose a price within a reasonable range from the current market price and any open orders in your account.