Cryptocurrency broker Bitpanda recently announced that limit orders are now available on its platform. What are limit orders and what benefits do they offer for Bitpanda users?
Bitpanda launches its new feature: limit orders
Cryptocurrency exchange platform Bitpanda recently announced in a press release, a new feature that has just been integrated to complement its already available offers: limit orders.
With this feature, it is now possible to specify the price at which you want to buy or sell your cryptocurrencies, the order is only executed when the market reaches the price defined when the order was initiated.
Illustration of a limit order on Bitpanda
Unlike a market order which literally means buying or selling at the market price, Limit orders allow for greater flexibility and control over your investments.
We’re not just adding a new feature today; we’re providing our users with a sophisticated service that gives them real choice in how they invest. Users can now react quickly to market movements even when they’re not actively monitoring their portfolios and don’t have to worry about missing out on an opportunity.
“ Our users can now buy and sell while they sleep, eat, exercise or meet friends – it’s investing on autopilot, ” he also specifies.
👉 In the News – Bitcoin at $50,000 and Ether at $2,200 – What Happened?
Additionally, this new feature allows Bitpanda users to benefit from a yield via the “Cash plus” service as long as the order is not executed.
Thus, limit orders are added to Bitpanda's features such as recurring purchase savings plans (DCA), “Cash plus” services and staking offers.
Get your €50 bonus with Bitpanda!
Source: blog
The #1 Crypto Newsletter 🍞
Receive a daily crypto news recap by email 👌
What you need to know about affiliate links. This page may feature investment-related assets, products, or services. Some links in this article may be affiliate links. This means that if you purchase a product or sign up for a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no impact on you and you can even get a bonus for using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers must do their own research before taking any action and only invest within the limits of their financial capacities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with a high return potential implies a high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of these savings. Do not invest if you are not prepared to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Passionate about the blockchain ecosystem, I like to deepen my knowledge and share my discoveries. In a perpetual quest to learn more about cryptos, I recently joined the Cryptoast Research team where I provide weekly fundamental analysis.
Theo Zananiri
37 articles
