cryptocurrency-trading-on-tanx-a-beginner-s-guide-to-limit-orders

Cryptocurrency Trading on tanX: A Beginner's Guide to Limit Orders

Cryptocurrency Trading on tanX: A Beginner's Guide to Limit Orders

Sharad Jaiswal

Product

3

min read

Feb 11, 2024

tanX stands out in the bustling world of Decentralized Exchanges (DEXs) by offering an instant, gasless, trustless, and secure trading experience. But what if you want more control over your crypto trades? Then Limit Orders might be what you’re looking for!


This guide dives deep into the world of Limit Orders on tanX, empowering you to execute precise crypto trades with confidence. Whether you're a seasoned trader or just starting out, understanding Limit Orders will unlock a powerful tool in your crypto trading arsenal.


What are Limit Orders?


Unlike Market Orders, which execute your trade at the current market price, Limit Orders allow you to specify the exact price at which you want to buy or sell your cryptocurrency. This grants you greater control over your trades, especially when aiming for specific entry or exit points in the market.


How to carry out Limit Order Trade


Here's a step-by-step guide:

  • Log in to trade.tanx.fi and go to the Trade section from the left side menu.

  • Select the desired trading pair from the trading pair list.

  • Choose buy/sell and select the ‘Limit Order’ from the Orders list. The default option is Market order trade.

  • Enter the amount you would like to trade and click ‘Buy ETH’

  • Congratulations! Your ‘limit order’ has been placed successfully. To track your orders, visit the ‘Orders’ section in History from the left side menu.


Why Use Limit Orders on tanX?


By utilising limit orders on tanX, you can take advantage of the following benefits:


  1. Control Over Entry and Exit Points: With limit orders, you have full control over the price at which your trades are executed, allowing you to enter and exit positions at the most favorable prices.


  2. Minimised Slippage: By specifying your desired price, you can reduce slippage and avoid unexpected losses caused by sudden price movements.


  3. Opportunity for Better Returns: Limit orders enable you to capitalise on market fluctuations and potentially secure better returns by buying low and selling high.


Ready to Take Control?


Limit Orders empower you to become a more strategic crypto trader. With tanX's user-friendly interface and powerful features, mastering Limit Orders has never been easier. So dive in, explore the possibilities, and elevate your crypto trading experience! Always remember, that the crypto market can be volatile. Always conduct your own research and study risk management techniques before making any trades. Place your first Limit Order on tanX today!

Happy Trading!


Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.


Get Started with trading on the world's leading insto DEX right away!

Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

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Frequently Asked Questions

What are the different types of withdrawals available on the platform and what are the fees charged?

What is the estimated time for withdrawal to complete?

Why do normal withdrawals require more time to be processed than I expected?

Are tanX smart contracts audited?

Does tanX charge deposit fee?

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tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.

tanX helps you trade trustless without having to compromise on fees, swiftness, experience & liquidity.

© 2023 tanX.fi All rights reserved.