Great information for users of the Battle app! It is at last attainable limit orders to be incorporated in the app. What are limit orders and why is it practical for traders and traders? We demonstrate it and in much more element in this write-up.
Invest in Bitcoin with restrict orders in the Bitvavo app
In a weblog article informs the Dutch trade Bitvavo that it has properly carried out an update. With the update, a new operation has been applied, namely the probability of moving into so-referred to as limit orders.
On an trade you can acquire bitcoin normally in different means. For example, you can get BTC specifically at the existing value, but a restrict purchase delivers extra selections. Traders can established a selling price with limit orders at which they want to purchase the cryptocurrency. Down below is an instance:
“The current value of bitcoin in euros is 21,400 euros. You want to acquire bitcoin on Bitvavo, but be expecting the bitcoin price to drop to € 20,000. In quick, it is wiser to wait until eventually the price tag has dropped to this stage so that you can obtain bitcoin at a decreased price.
As a substitute of staring at your telephone for 24 hours until this rate is arrived at, with a restrict order you can set your invest in get to automatically execute the moment the rate has dropped to $ 20,000. “
This also works in reverse. If you want to sell bitcoin and anticipate the bitcoin selling price to rise, you can set a sell limit purchase. As soon as the ideal price tag is attained, your market buy will be executed.
Develop a Bitvavo account below to get gain of the new function!
“The greatest update of the Bitvavo application to date”
The weblog publish states that the update is “the most significant app update so far”. The update goes outside of just adding restrict orders, states Mateusz Wlodarczyk, Head of Item at Bitvavo:
“I am happy of the development we have produced. The new application configuration also permits us to release new attributes a lot quicker. This is just the tip of the iceberg. “
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