What is a limit order? How it differs from a market order
By SendPay Business · · 2 min read
- 1Type in your own numbers
- 2The tool works it out
- 3See the answer clearly
A limit order is an instruction to buy or sell only at a price you choose or better. It gives you control over the price, but not over whether or when the trade happens.
The main order types
Tap to explore
Tap each one to see what it means.
Market order
buy or sell straight away at the best price on offer.
Limit order
buy at your price or lower, or sell at your price or higher.
Stop order
becomes a market order once the price reaches a level you set, often used to limit losses.
When a limit order helps
It stops you paying more, or selling for less, than you planned, which matters in fast or thin markets where slippage is common. It also lets you set a price and walk away.
Try it
Name your platform and watch it come to life
Type a name, tap a colour and pick what it does. The phone changes as you go.
Colour
What it does
Design and preview your whole platform free, then launch when you are ready.
The catch
If the price never reaches your limit, the order does not fill, and you can miss the trade altogether. A limit order that only partly fills is also possible.
Where SendPay fits
SendPay platforms let your customers buy, sell and hold crypto under your own brand, with assets held with regulated partners and a trading fee you set.
How it works
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Why sign up
Create your free SendPay account
It's all about creating your own financial platform with ease. Start with a free account today.
- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
- 🌐A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
- 🚀Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
Where would my trailing stop be now?
Work out the stop level after a price rise and what it locks in.
Trailing stop calculator →What did slippage cost me?
Work out slippage and the worst price your tolerance allows.
Slippage calculator →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.