A limit order is an order to buy or sell at a specific price that you set in order to give investors more control over the buying and selling prices of their trades.
Prior to placing a purchase order, a maximum acceptable purchase price must be selected, and minimum acceptable sales prices are indicated on sales orders.
A sales limit order can only be executed at the limit price or higher, and a purchase limit order can be executed at the limit price or lower.
For a purchase limit order to be filled, the ask price, not just the bid price, must fall to the trader's specified price.
For example: you want to buy BTC with USDT at 8,033 USDT/BTC.
You can choose BTC/USDT pair to make a buy limit order.
Set the buy price (8,033 USDT/BTC) and put buy amount (0.0001 BTC), then click on BUY BTC to confirm your order.
Before the price being achieved, the order will maintain open and you can cancel it in OPEN ORDER if you change your mind or don’t want to wait any longer.
Once the price is achieved, the order will be executed and you can find it in ORDERS HISTORY with details.