Limit Order On Quickswap

The Big Question: What is Limit Order

When should a limit order be used?

  • You are not in a hurry to buy or sell immediately;
  • You want to split your orders into smaller limit orders to achieve a dollar-cost-averaging (DCA) effect.
  • You want to buy or sell at a specific price other than the market price;
  • You want to lock unrealized profits or minimize potential losses;

With Limit Order

  • No unplanned losses, less price impact: It’s something we’ve all experienced. We’re approving a swap when slippage spikes, and we buy tokens at a far greater price than they were only seconds previously. Limit Orders ensure that orders are only filled within your desired price range.
  • No more missed opportunities: How many trades have you missed because the pricing was only available for a short time? Limit Orders will fill your order as soon as the specified price range is reached.
  • You’ll have more time to live your life: When DeFi traders go to bed, they don’t make any swaps. Limit Orders, on the other hand, allow you to leave your computer and live your life. Your swaps will still happen, at the prices you want.

How to place a limit order on Quickswap

  • Go to [Limit order] on the top navigation bar.
  • Choose a stable coin [USDT, USDC] from the token search bar on the Limit order card, since Matic our case study is there by default.
  • Then, set the price and amount you want to buy.
  • Permit Gelato limit orders to use your [USDC] stable token.
  • Click on [ Place Order ]
  • Your order is currently being processed and can be seen below.

About QuickSwap

  • Community Governance
  • Liquidity Mining
  • Yield Farming
  • Dual Farming
  • Layer 2 Transactions
  • Non-custodial trading

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