Limit Order and Spread Order
SquadSwap provides Limit Order and Spread Order for many token pairs on BNB Smart Chain and Blast Chain.
SquadSwap offers two different interfaces for Limit Order transactions: Normal Mode and Advanced Mode. Users can perform the same transactions in both interfaces.
When placing Limit Orders and Spread Orders, your Fee balance must be sufficient to cover the fee in order for your order to be executed. So please make sure your Fee Balance is above 0.05 BNB, or consider increasing your order amount to over $50. SquadSwap does not charge a fee for orders of $50 or more.
Limit Order:
A limit order for crypto tokens allows you to buy or sell at a specific price level. Here's how it works:
Buy Limit Order: Used when you want to buy a crypto token at a lower price than the current market price. For example, if a token is currently trading at $50 and you want to buy it at $45, you would place a buy limit order at $45. The order will be executed automatically when the token's price drops to $45.
Sell Limit Order: Used when you want to sell a crypto token at a higher price than the current market price. For example, if a token is currently trading at $50 and you want to sell it at $55, you would place a sell limit order at $55. The order will be executed automatically when the token's price rises to $55.
Steps For Limit Order
You should first select the token pair you want to place a limit order for.
Then you should set the 'Base Token' as the base token for this token pair. The Base Token can be set according to which token you want to base their Buy and Sell trades on the relevant token pair.
Then you should selects Buy or Sell and places your order at whichever price you want your order to be executed at.
Your order will be executed automatically when the market value of the relevant token reaches the desired price.
You cannot place orders to buy at a price more expensive than the market price. Likewise, you cannot place an order to sell at a price lower than the market price. This would be against the limit order logic.
Spread Order:
For Buy and Sell orders, you can set your order to be executed in many orders by setting a minimum price and a maximum price.
When placing a spread order for a token pair, parameters such as the minimum (min) price, maximum (max) price, and execution count are specified. The process works as follows:
Defining Parameters:
Min Price: The lowest price level at which the buy or sell orders will start.
Max Price: The highest price level at which the buy or sell orders can be executed.
Execution Count: The number of limit orders you want to create within the price range.
Distributing Limit Orders:
The difference between the min price and max price is divided by the execution count. This determines how the limit orders are spaced within the price range.
For example, if the min price is $100, the max price is $110, and the execution count is 5, the price range is $10. Dividing this range by 5 means that each limit order is spaced by $2: $100, $102, $104, $106, and $108.
Order Execution:
The created limit orders are placed at the determined price levels. These limit orders are executed automatically when the market price reaches the specified levels.
For instance, if a limit order is set at $102 and the token price reaches $102, the order will be executed.
Steps For Spread Order
You should first select the token pair you want to place a limit order for.
Then you should set the 'Base Token' as the base token for this token pair. The Base Token can be set according to which token you want to base their Buy and Sell trades on the relevant token pair.
Set the minimum price and maximum price at which you want your order to be executed. Your order will be executed automatically when the price is within the minimum and maximum price range.
Choose how many trades you want your order to be executed in. Execution count can be selected according to the price range.
Your orders are created by dividing your orders by the execution count in the price range you provide. Each order is automatically executed when the target price is met.
Advanced Mode
With Advanced Mode, you can access a lot of data from a single screen with services such as detailed chart view and orderbook for your Limit Orders and Spread Orders.
You can easily track your open orders, executed orders, order backlog and fee history. You can cancel your open orders at any time with batch transactions.
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