Limit Order: A Limit Order allows you to buy or sell an asset at a specified price (the "limit price"). You must provide the price along with the assets. The order will be placed in the Order Book or executed when the limit price is reached.
Before starting:
- You need to create an account and complete verification.
Getting Started:
- Visit the Metal X website and connect your WebAuth Wallet.
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Select your trading pairs
- For example, use the XPR/XUSDC pairs, where XPR is "asset 'A'" and XUSDC is "asset 'B'."
- Click the "Limit" tab to start your Limit Order
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BUY: Use the left window for a BUY Limit order.
- You will buy more of asset "A" by selling asset "B".
- In the AMOUNT section, enter the amount of asset "A" to buy; set the target price for asset "B" in the PRICE section.
- The TOTAL section shows how much of asset "B" will be sold when the target price is hit.
- Click "Buy ____" and authorize the transaction from your WebAuth Wallet.
- In the AMOUNT section, enter the amount of asset "A" to buy; set the target price for asset "B" in the PRICE section.
- You will buy more of asset "A" by selling asset "B".
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SELL: Use the right window for a SELL Limit order.
- You will sell asset "A" to buy more of asset "B".
- In the AMOUNT section, enter the amount of asset "A" to sell; set the target price for asset "B" in the PRICE section.
- The TOTAL section shows how much of asset "B" will be bought when the target price is hit.
- Click "Sell ____" and authorize the transaction from your WebAuth Wallet.
- In the AMOUNT section, enter the amount of asset "A" to sell; set the target price for asset "B" in the PRICE section.
- You will sell asset "A" to buy more of asset "B".
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BUY: Use the left window for a BUY Limit order.
You've successfully initiated a Limit Order! Check your transaction status in the "Open Orders" tab, where you can also cancel the Limit Order under "Actions."
Additional Resources
Click here to learn how to place these orders on Metal X: