Limit Trading

What is limit trading?

Limit trades are a type of order to buy or sell an asset at a specified price or better. Limit trades allow investors to buy and sell assets at a specified price ratio or better.

For example, Alice can specify a trade from 200 BUSD to 1 BNB. If the price of BNB drops below 200 BUSD, the trade is then automatically executed. Conversely, Bob can specify a trade of 1 BNB to 500 BUSD. If the price of BNB rises to above 500 BUSD, then the trade will be executed. By combining the limit trading, investors can take advantage of fluctuations in the market.

How do I limit trade?

Visit the Limit Trade page on crossroad.gold to start limit trading!

1. Choose your "From" and "To" tokens.

2. Specify the quantities you wish to exchange.

3. Choose how you wish to pay the trading fee.

4. (optional) Specify an expiry.

5. Approve the deposit of your "From" tokens.

6. Post your trade!

Users will be able to see the price change required before the trade is executed.

Fees

Posting a limit trade has a fee of 0.1 Djinn. This can be paid directly, or using BNB.

Expiry

Users can specify a timeframe for when their order will be active. Trades will not be executed if they have expired.

Managing your orders

Users can manage their orders by selecting them in the table in the Limit Trade page.

Orders can be cancelled at any time to retrieve the deposited tokens. Users can also update the expiry of their posted orders.

Limitations

Tokens with a transfer fee will not be directly supported at this time. This includes reflect tokens and other tokens which feature burns on transfer.