How can I place a limit order in the Bitvavo app?

Summary

You can place a Good-Til-Canceled limit order in the Bitvavo app. This lets you buy or sell at a price you choose. The order stays open in the order book until it is executed or canceled by you.

Introduction

A limit order allows you to set a specific price for buying or selling crypto. Your order will only be executed at that price or at a better one. In the app, Bitvavo currently supports only the Good-Til-Canceled limit order type.

Limit order properties

• Your order executes at your chosen price or better:
  • For a buy order: below your set price
  • For a sell order: above your set price
• Your order remains in the order book until it is executed or canceled by you.

How to place a limit buy order in the app

Step 1: Select the cryptocurrency you want to buy.

Step 2: Tap the Buy button.

Step 3: Tap Advanced to open the limit order screen.

Step 4: Tap 'Limit order' and fill in the order details. The limit price is required. You must also set either the quantity or the total amount.

• Limit price
  The price you want to pay for the coin. Tap Current to use the current market price or enter your preferred price.
• Quantity
  Enter how much crypto you want to buy. The total will be calculated automatically.
• or
• Total (excluding fees)
  Enter the euro amount you want to spend. The crypto amount will be calculated automatically.

When ready, tap Preview to check your order before placing it.

Step 5: After reviewing, confirm your order.

Step 6: Select Got it to continue, or Place another order to return to the order screen.

Your order is now in the order book. You can find it under the chosen cryptocurrency in the Open orders section.

Tap on the order in Open orders to see details or cancel it. Updating an open order from the app is not currently possible.

FAQ