What you should know about Coinbase Limit Order
- Price Control: Unlike market orders, limit orders allow you to set a specific price (or better) at which you want to buy or sell, preventing unexpected costs in volatile markets.
- Zero Immediate Execution: Your order only executes if the market hits your target price; it can remain open for minutes, days, or until manually canceled.
- Lower Fees: Trading via the Advanced Trade interface using limit orders often qualifies for "maker" fees, which are generally lower than standard "taker" fees.
- Risk Management: Use them to automate entries or exits at strategic levels without needing to monitor the charts 24/7, providing a safety net for your portfolio.