BitKeep was updated to version V7.3.4 on April 28th. This update introduced the Swap limit order function. By integrating the 1inch limit order protocol, users can place pending orders at specified prices and time periods on multiple public chains such as Ethereum, BNB Chain and Arbitrum, making it easier to execute their own trading strategies.
In addition, the BitKeep Swap limit order also supports users to modify the receiving address, one-click order cancellation, and batch order cancellation, bringing users a more convenient and smooth limit order experience.
To help you better experience the limit order function, please refer to the following detailed tutorials:
How to place an order
1) Go to the [Swap] page and tap [Limit]. To understand the current market price of pending orders more conveniently, tap the Candlestick chart icon in the upper right corner to view the current market trend in the pop-up window on the current page.
2) Select the currency for the limit order, then fill in the amount, expected selling price, order expiration time, and other information before tapping [Confirm].
3) After setting the order expiration time, if your expected price is not reached within the set time and the order is not completed, the system will automatically cancel the order. Therefore, you need to check when setting the expiration time. If the gap between your expected price and the current market price is greater, the order cycle should be longer.
4) After confirming the order information again, tap [Confirm] and [OK] to complete the limit order.
In addition, please pay attention to the [Enter expected selling price]. To fully protect your income, you can successfully place the order if the price is within 5% lower than the market price. If the price is more than 5%, the order can not be placed; such as when the price is 80% lower than the market price in the screenshot.
How to cancel an order
1) Slide down on the pending order page to see all current orders;
2) Tap [Cancel] on the right side of the order and confirm the order cancellation information. Then tap [Confirm] and [OK] to complete the order cancellation.
How to cancel orders in batches
1) On the limit transaction page, tap the icon for history in the upper right corner to check the [Limit Orders] list, and then tap [Cancel];
2) After the check button appears, select all orders that need to be canceled in batches;
3) After selecting the positions, tap [One-click cancellation], and confirm all cancellation information before tapping [Confirm] and [OK] to complete one-click batch cancellation.
Frequently Asked Questions (FAQs)
- Which cryptocurrencies are supported for limit orders?
Currently, tokens on the Ethereum, BNB Chain, and Arbitrum blockchains are supported for limit orders. However, limit orders for native blockchain tokens (ETH & BNB) are not available at the moment.
- Why hasn’t my limit order been executed despite the market reaching my set price?
The final execution price of your trade will account for transaction fees. To ensure that the actual transaction amount matches the amount set when placing the order, the actual execution price must be higher than your set price.
- Why are my multiple orders not executed in chronological order?
To maximize your trading profits, multiple orders are executed based on the order price rather than the time of placement. For instance, if you place an order to buy 1 ETH for 1,000 USDT at 10:00 and another to buy 1 ETH for 900 USDT at 10:10, the latter order will be executed first due to its more favorable price.
- Can I place a limit order exceeding the value of the assets in my wallet?
Yes, you can. If the market price reaches your set order price, but the value of your assets is insufficient, the transaction will not be executed. Once your assets meet the order requirements, the transaction will automatically trigger if the order has not yet expired.
For example, you can place an order for $ARB or $SUI tokens even if you haven’t yet received them from BitKeep’s airdrop event. The trade will be executed automatically once the airdrop is credited to your wallet.
- Why was my 1,000 USDT limit order only partially executed?
Limit orders support partial execution. When your order reaches a matchable amount, part of the order can be executed first.
If you encounter any other issues while using this feature, please join the BitKeep official TG group (https://t.me/BitKeep_Official) and provide feedback. Our team will promptly assist you.
Leave a Reply