How to Place a Limit Order for Alpha Tokens on the Binance App?

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Alpha Limit Order

A limit order is a type of order used in trading that allows you to buy or sell an asset at a specified price or better. When placing a limit order, you set the maximum price you are willing to pay for a buy order or the minimum price you are willing to accept for a sell order. This ensures that you have control over the price at which your trade is executed. Limit orders are particularly useful in volatile markets, as they help traders avoid unfavorable price movements and ensure trades are executed at desired price levels. For more Alpha Trading functions,, please refer to Binance Alpha 2.0.

How to Place Limit Order for Alpha Tokens

1. Select an Alpha Token from the [Markets] tab or directly from the search results.

2. Tap the [Alpha] button and select the token you wish to trade, it will direct you to the trading page.

3. Tap [Instant]. In the pop-up window, select [Limit] to enter the limit order placing interface.

4. Choose either [Buy] or [Sell] direction.

5. Enter the Limit Price and the amount of token you wish to buy or sell. The system will automatically calculate the estimated amount of USDC you will spend.

• Index Prices are updated according to on-chain price movements, ensuring fair and transparent transactions.
• Please also ensure you have sufficient available balance to make the transaction. The minimum transaction size for BASE/BSC/SOL chain is 10 USD equivalent. The minimum transaction size for ETH chain is 20 USD equivalent.
  • The minimum transaction size may be subject to changes, please check the product page for the most updated information.
  • Binance will support more assets to trade (i.e. BNB) in the future.

6. Before completing a trade, you’ll be prompted to review and accept the 'Disclaimer for Alpha Trading.' This disclaimer appears only for first-time traders on Binance Alpha.

7. Once confirmed, proceed to the checkout window to finalize the transaction. Tap [Confirm]. You will see a pop-up message saying “Order Created”.

How to View Open Orders and Order History?

1. Once the order is submitted, you can review your order(s) under the [Open Orders] tab.

2. When the limit price is reached and the market is in good liquidity, the order will be executed. Once executed, your asset holdings can be found under the [Holdings] tab.

• Due to market volatility and liquidity fluctuations, some limit orders may remain unfilled.

3. Alternatively, you can track your open orders, order history, and trade history under the [Alpha History] section.

4. [Order History] shows all previously placed orders, including both filled and unfilled ones.

5. Under [Trade History], you will find all executed trades in history.

How to Cancel Limit Orders?

To cancel an order, tap [Cancel] next to it. To cancel all open orders at once, tap [Cancel All].

How to Purchase and/or Sell Alpha Tokens

To buy or sell Alpha Tokens you are holding, go to [Assets] - [Exchange] - [Alpha].

Please note:

• Not all Alpha Tokens will be supported for limit order function. This might be due to multiple reasons, for instance, liquidity, price restriction, regional eligibility, compliance reasons or more. Please refer to the product page to confirm if the respective Alpha Token supports the limit order function.
• It is possible that some Alpha Tokens might initially only be available for instant orders before limit orders. However, certain Alpha Tokens may only support instant orders, not limit orders.
• Self-trade will be excluded from Alpha Points volume calculation.

Frequently Asked Questions

1. Why can’t I find the limit order function in Binance Alpha?

Users need to update their Binance App to version 2.99.2 and above to access the limit order function.

2. Why do some Alpha Tokens only support the Instant order function?

Due to multiple reasons such as liquidity, price restriction, regional compliance, some Alpha Tokens may not support limit order function, please refer to product page for more information.

3. My order price reached the index price, but why wasn’t it filled or executed?

There are a few common reasons why a limit order may not be executed:

• Block confirmation timing: The Alpha limit order function depends on the underlying blockchain’s confirmation speed. For example, if you place an order at 13:45:35 UTC and the next block confirmation is at 13:45:40 UTC, the system will only attempt to match the order at 13:45:40 UTC.
• Low token liquidity: If the selected token has poor on-chain liquidity, there may not be enough counterparties to match your order.
• Uncompetitive order price: If your limit price is far from the current market price, it may take longer (or fail) to find a match.
• Network congestion: High on-chain traffic can delay order processing and matching.

Users can place a more competitive limit order price than the index price for a faster match. Alternatively, you can choose the Instant order function

4. How is the trading fee charged for Alpha limit orders?

Users can refer to the order placement page to understand the estimated order trading fee. Alpha limit order will not be charged extra on-chain gas fees.

5. What happens if an Alpha Token is delisted or stops supporting limit order function anymore?

In the event that the Alpha Token is delisted:

• All open limit orders for that token will be automatically canceled, and the associated funds will be returned to the user’s Alpha or Funding account.
• Alpha limit order function may stop being supported earlier than Alpha instant order function

In the event that the Alpha Token stops supporting the limit order function:

• All open limit orders will also be automatically canceled, and the associated funds will be returned to the user's Alpha account.
• Users may continue to trade Alpha token via [Instant] function.

Disclaimer: Binance Alpha features emerging digital assets which are not listed on the Binance Exchange and which are generally expected to have a low market capitalisation and unique or novel characteristics. The inclusion of a digital asset as a Binance Alpha asset does not in any way imply, directly or indirectly, that such digital asset will be listed on Binance Exchange in the future. As digital asset prices can be volatile, the value of any investment that you make in Alpha Assets may go down or up and you may lose all or part of the value of the amount that you invest. Please note that in relation to Binance Alpha (i) the risk of loss of all or part of your investment is magnified with Binance Alpha assets as they are subject to increased price volatility (ii) by purchasing Alpha Assets, you are exposed to price slippage and blockchain fees, which can have a negative impact of the price of Alpha Assets (iii) Alpha Assets cannot be withdrawn from the Binance Exchange, and you will only be able to access Alpha Assets from your Alpha Account only. You are solely responsible for your investment decisions. Binance will not in any circumstances be responsible or liable for any losses that you may incur arising directly or indirectly from an investment in Binance Alpha Assets.