How to Place a Limit Order – BKG

Overview

A Limit Order allows you to buy or sell a digital asset at a price you specify.

The order will only be executed when a matching order is available at your specified price or a better price. If the market does not reach your specified price, the order may remain open and unfilled.

BKG Exchange charges a 0.12% trading fee for both Makers and Takers.

1. How to Place a Limit Order on the Website

Step 1: Log In

Step 2: Open Spot Trading

Go to the Spot Trading page and select the trading pair you want to trade.

For example:

BTC/USDT

Step 3: Select Limit Order

In the order panel, select Limit Order.

Step 4: Enter the Order Price

Enter the price at which you want to buy or sell the asset.

For example, if you want to buy BTC at 98,000 USDT, enter:

Price: 98,000 USDT

Step 5: Enter the Order Amount

Enter the amount of the asset you want to buy or sell.

Check the estimated order value before submitting the order.

Step 6: Submit the Order

Review the trading pair, price, and quantity.

Select Buy or Sell to submit the Limit Order.

Step 7: Check Your Order

After submission, you can check the order status in the open orders or order history section.

An order may be:

Open: Waiting for execution
Partially Filled: Part of the order has been executed
Filled: The entire order has been executed
Canceled: The remaining unfilled amount has been canceled

2. How to Place a Limit Order in the App

Step 1: Log In

Open the BKG Exchange App and log in to your account.

Step 2: Open Spot Trading

Go to the Spot Trading section and select the trading pair you want to trade.

Step 3: Select Limit Order

Select Limit Order in the order panel.

Step 4: Enter Price and Amount

Enter your desired order price and trading amount.

Step 5: Submit the Order

Select Buy or Sell after checking the order details.

Step 6: Check the Order Status

You can view your open orders and order history to check whether the order has been executed.

3. Example

Suppose BTC is currently trading at 100,000 USDT.

You want to buy BTC only when the price reaches 98,000 USDT.

You can place a Limit Order with:

Trading Pair: BTC/USDT
Order Type: Limit Order
Price: 98,000 USDT
Amount: Your desired BTC quantity

If a matching order becomes available at the specified price or a better price, your order may be executed.

If the market does not reach the specified price, the order may remain open.

4. Important Notes

A Limit Order does not guarantee execution.
The order may be partially filled if there is insufficient matching liquidity.
You can cancel an open order before it is fully executed.
Always check the trading pair, order price, and quantity before submitting.
BKG Exchange charges 0.12% for both Makers and Takers.
Spot trading involves market risk. Please make sure you understand the risks before trading.

FAQ

Can I cancel a Limit Order?

Yes. An open or partially filled Limit Order can be canceled for the remaining unfilled amount.

Why has my Limit Order not been executed?

The market may not have reached your specified price, or there may not be enough matching liquidity.

Can a Limit Order be partially filled?

Yes. If only part of your order can be matched, the remaining amount may stay open.

Will I always receive the exact price I entered?

A Limit Order is executed according to available matching orders and the applicable order-matching rules. The execution price will not be worse than the limit price for the corresponding buy or sell order.

What is the trading fee for a Limit Order?

BKG Exchange charges 0.12% for both Makers and Takers. The applicable fee depends on how the order is executed.