According to Binance's official announcement, users can now utilize Limit Buy orders as part of the 'Buy Crypto' service on the platform. This feature allows users to set a maximum price they are willing to pay for a cryptocurrency, ensuring that purchases are made only within specified parameters. This addition enhances the variety of order types available for buying crypto with fiat currencies on Binance, catering to diverse trading preferences.
**How to Place Limit Buy Orders:**
- Log in to your Binance account via the Binance website or Binance Pro App.
- Navigate to the 'Buy Crypto' page and select the desired cryptocurrency and payment method.
- Choose the [Limit Buy] option to place a limit buy order instead of purchasing at the current market price.
- Enter the target price at which you wish to buy the cryptocurrency.
- Follow the on-screen instructions to complete your order.
This feature is accessible on both the Binance website and the Binance Pro App. Users must update their Binance App to iOS version 2.100.0 or Android version 2.100.0 or above to access the Limit Buy Order option. The introduction of Limit Buy orders broadens the purchasing options for users, allowing for more strategic and controlled buying decisions. Terms and conditions apply, and users are advised to refer to the original English version of the announcement for the most accurate information in case of any discrepancies.