Placing your first Limit Order with PacifyPro

In this short tutorial you can read how to place your first Limit Order with PacifyPro.

What's a Limit Order?

You’ll use a Limit Order when you want to buy a Crypto Currency at a price which is lower than the current market price. We’ll call this price of your choice your bid. Once the actual price falls down to your bid, your coins will be bought.

In this tutorial we’ll walk you through the steps of placing your first Limit Order. Besides Limit Orders you can also place Market Orders or place Conditional Orders with PacifyPro. 

Placing your order with the help of our Buy Menu

1. Activate the Buy Menu

You can activate the Buy Menu by sending the following command:

/buy

This will activate the Buy Menu and the questions that will follow will help you place your order.

2. Follow the Questions for your Limit Order

The questions that follow will be:

  • Enter the symbol of the currency you wish to buy
  • How much BTC* would you like to use?
  • What type of trade would you like?
  • What is your entry price?

* You can trade any available trading pair at Binance and depending on the trading pair the software will ask you how much BTC, USDT, USDC, ETH, Etc. you would like to use.

Once you have answered these questions you can hit the ‘Finalize’ button in order to actually place your Limit Order.

Placing your order with a Single Line Command

Once you’re getting used to trading with PacifyPro you can use the single line command option as you’ll be able to place your Limit Orders much quicker. Below you’ll find an example of placing a Limit Order for Bitcoin against USDT:

/buy btc/usdt amount 100 price 19000

The command always consists of the following elements:

  • Buy command
  • Trading pair, i.e. btc/usdt
  • Trade amount, i.e. 100 (usdt)
  • Entry price, i.e. 19000

Once you have send your command, you can hit the ‘Finalize’ button in order to actually place your Limit Order.

Any questions?

Don’t hesitate to reach out if you have any questions regarding this article or our services.

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