What is limit order?Limit Order
An order that only fills at your price or better: the price is guaranteed, the fill isn't.
Animation · limit order
Learn “limit order” in an animated lesson
- Crypto BasicsPlacing Orders on an Exchange: Maker and Taker
Buying crypto with USDT on an exchange: a market order fills right away but costs more in fees and may slip; a limit order is cheaper but might not fill.
- Stock Trading: Next StepsLimit Orders
Fill only at my price or better. A limit order joins the order book queue and waits for someone to trade with.
- Stock Trading: Next StepsMarket Orders
No price preference, fill it now. Submit a market order yourself and watch it "eat" through the asks level by level.
- Stock Trading: Next StepsSlippage and Liquidity
Buying the same 2,000 shares can cost very different prices in a popular stock and a thinly traded one. Compare two order books to see why.
Related terms
See how “limit order” works for yourself with an animation you can drag and play.
Go to “Placing Orders on an Exchange: Maker and Taker”