#OrderTypes101 A limit order allows you to set your own buy or sell price. For example, BTC is currently $70,000 but you want to buy at $68,000—just place a limit order and wait for the price to drop.
What's the advantage? You can control the price and not rush into the market. But keep in mind, the order will only be executed if the market price touches the price you specified.
A limit order is suitable for patient traders who want price efficiency, especially during high volatility.
