How to use limit orders on Binance? (Trading tools)

Understanding Limit Orders

1. A limit order instructs the exchange to buy or sell a cryptocurrency at a specific price or better.

2. When placing a buy limit order, execution occurs only when the market price drops to or below the specified limit price.

3. When placing a sell limit order, execution happens only when the market price rises to or above the set limit price.

4. Unlike market orders, limit orders do not guarantee immediate execution but provide precise control over entry and exit points.

5. These orders remain active in the order book until filled, canceled, or expired—depending on the time-in-force setting selected.

Navigating the Binance Spot Trading Interface

1. Log into your Binance account and select Trade → Spot from the top navigation bar.

2. Choose the trading pair you wish to operate on—for example, BTC/USDT—using the search bar or market list.

3. Locate the order entry panel on the right side of the interface; ensure the order type is set to Limit.

4. Input the desired price in the Price field using either manual entry or the price ladder on the left.

5. Enter the quantity in the Amount field, and verify the total cost or proceeds displayed in the Total section before submission.

Time-in-Force Options for Limit Orders

1. GTC (Good Till Cancelled) keeps the order active indefinitely until manually canceled or fully executed.

2. IOC (Immediate or Cancel) attempts to fill the order immediately at the specified price; any unfilled portion is canceled automatically.

3. FOK (Fill or Kill) requires full execution upon placement; if no matching orders exist for the entire quantity, the order is rejected outright.

4. These options appear as a dropdown menu beneath the price input field on the Binance order form.

5. Selecting the appropriate time-in-force setting directly impacts how aggressively the order interacts with available liquidity.

Managing Active Limit Orders

1. Open orders are visible under the Open Orders tab located just below the order entry panel.

2. Each row displays the symbol, side (buy/sell), price, original quantity, executed quantity, and remaining amount.

3. Click the Cancel button next to any pending order to remove it from the order book instantly.

4. Partially filled orders retain their remaining volume and continue to wait for matching counterparties at the same price level.

5. Users may also use the Cancel All function to clear multiple open limit orders simultaneously across all trading pairs.

Frequently Asked Questions

Q: Can a limit order execute at a price different from the one I set?A: No. A limit order executes only at the specified price or better—never worse. Buy orders fill at or below the limit price; sell orders fill at or above it.

Q: Why does my limit order show “Partially Filled” but not complete?A: This occurs when only a portion of the requested quantity finds matching orders at your specified price. The remainder stays in the order book until matched or canceled.

Q: Is there a fee for placing a limit order that never executes?A: No. Binance charges trading fees only upon successful execution. Placing, modifying, or canceling an unfilled limit order incurs zero cost.

Q: Do limit orders appear in the public order book immediately after placement?A: Yes. Once submitted, they become visible to all market participants in the depth chart and order book, unless placed with hidden or iceberg parameters via advanced trading features.