Limit Orders
Introduction to Limit Orders
Limit orders allow you set a predetermined price at which you want to buy or sell a token. The order will only be executed once the market reaches your chosen price, giving you greater control over your trades. It’s especially useful for targeting specific price points without the need to watch the market
How to set up a Limit Order on Blackhole
Go the swap page and select the "Limit" option.
Select the tokens you want to swap and to receive.
Select this switch to toggle between buy and sell for this limit order:
Enter your desired limit price
Set the Expiration time:
You can set this in minutes, hours or days.
Limit orders may not execute when the token's price is equal or close to the limit price, due to gas and standard swap fees.
Before you can execute this limit order, you need to give approval to Blackhole for the token you would like to swap in this limit order:
After the approval transaction has completed successfully, the button appears to place the limit order:
After succesfull placement of the limit order, this will show up in the Open Orders:
click on it to get more details about this limit order:
If you no longer want to keep this limit order open, you can cancel this from the limit order details window:
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