Cryptocurrency prices can change rapidly. Conditional Limit Orders offer you more control over your investing strategy by allowing you to set your desired trading prices and frees you from the need to constantly watch the market.
How to Place a Conditional Limit Order From your Desktop Browser
Log in to your account at https://app.bitcoinira.com/login.
Go to the Self-Trading page via:
The Trading widget on the dashboard, or
The “Self-Trading” link on the left side navigation.
Choose the Account you want to trade within.
Select your order direction (Buy or Sell).
Select the cryptocurrency Asset you want to trade.
Set the Order Type to Conditional Limit Order.
Enter your desired Limit Price and Trigger Price. NOTE: If you set prices more than 50% above or below the last traded price, your order may take longer to trigger.
For BUY orders, the trigger price must be higher than the current market price, and the limit price must be equal to or higher than the trigger price.
For SELL orders, the trigger price must be lower than the current market price, and the limit price must be equal to or lower than the trigger price.
Enter your desired Amount.
Amount must be at or between $10 minimum and $500,000 maximum.
Review the order details, click the checkbox to agree to the Terms & Conditions, then click the Place Order button.
Congrats, your Conditional Limit Order request has been created! Learn how to track or cancel your Conditional Limit Order request. If your order executes, you will receive an email confirmation and it will be recorded in your Transaction History.
How to Place a Conditional Limit Order From your Mobile App
Log in to your account on the BitcoinIRA app on your mobile device.
Tap the Self-Trading tab at the bottom of the screen.
Select your order direction (Buy or Sell).
Choose the Account you want to trade within.
Select the cryptocurrency Asset you want to trade.
Set the Order Type to Conditional Limit Order.
Enter your desired Limit Price and Trigger Price. NOTE: If you set prices more than 50% above or below the last traded price, your order may take longer to trigger.
For BUY orders, the trigger price must be higher than the current market price, and the limit price must be equal to or higher than the trigger price.
For SELL orders, the trigger price must be lower than the current market price, and the limit price must be equal to or lower than the trigger price.
Enter your desired Amount.
Amount must be at or between $10 minimum and $500,000 maximum.
Review the order summary, tap the checkbox to agree to the Terms & Conditions, then tap the Place Order button.
Congrats, your Conditional Limit Order request has been created! Learn how to track or cancel your Conditional Limit Order request. If your order executes, you will receive an email confirmation and it will be recorded in your Transaction History.
Important Information
When you place a Conditional Limit order, it is submitted to the exchange as an open request. The order will remain pending on the market until the price conditions you set are met. Unlike an Immediate Order, it does not execute right away.
Execution will only occur if and when the market reaches your specified prices.
Funds used for Conditional Limit Orders become locked until either it executes, or is cancelled.
You can place as many Conditional Limit Orders as you like.
You can place multiple Conditional Limit Orders for the same asset at different target prices and different amounts.
Troubleshooting
Why am I getting an error for the price I entered?
Why am I getting an error for the price I entered?
Check that the stop price for BUY orders is higher than the current market price, and the limit price is equal to or higher than the trigger price.
Check that the stop price SELL orders is lower than the current market price, and the limit price must be equal to or lower than the trigger price.