Limit Orders Now Available in the Bitvavo App
After intensive development, we are happy to release one of the largest updates to our app yet: the addition of limit orders. With the latest app version now available in the app and Google Play Store, you are able to place limit orders wherever you are, without using a computer or our advanced trading panel.
A limit order is an order to buy or sell an asset with a price restriction; either a minimum price to sell an asset for, or a maximum price to buy it for. A limit order can be placed regardless of the asset’s current value, and is treated as good-til-cancelled. To illustrate, if you own 1 BTC, you can put a limit order to sell it when BTC’s price reaches €50,000. This order will then be executed once the price condition is triggered.
“We know this is a feature our users have been waiting on for quite some time,” says Mateusz Wlodarczyk, Bitvavo’s Head of Product. “I’m proud of the progress we’ve made and of the complete app rebuild that is now allowing us to release new requested features. This is just the tip of the iceberg”.
More technical information about placing limit orders from the Bitvavo app can be found here.
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