How to create a purchase order?

Modified on Wed, 13 Aug at 4:31 PM

Buy orders are a fantastic tool for setting the price at which you want to buy a cryptocurrency. You can program these orders so that, once the cryptocurrency reaches the value you specified, the purchase is executed automatically. To do this, you only need to have the specified funds available in Euros, USDC, or EURC

To program a buy order, you have to start the flow of any regular purchase from the cryptocurrency wallet in which you want to program the order or from the operations button:

Click on the operations button (blue square) that you will find in the horizontal menu at the bottom of the screen if you are using the APP, or in the upper right corner if you are using the web:
In the operations menu, click on "Buy" + .
Choose "Buy order" as the purchase type.
Select the cryptocurrency from the list in which you want to program the purchase.
Indicate the quote price at which you want the buy order to be executed by clicking on + or -, or manually with the numeric keypad.
Select the payment currency (Euro, USDC, or EURC) and click on the Continue button.
On the next screen, indicate the amount to buy when the conditions of the order you are going to program are met. To program the order, the funds must be available in the Wallet in euros or stablecoin, as it is the only payment method currently available. To register the amount to buy, click on the Continue button.
In the last window, you will see the details of the buy order you are about to program. Check that everything is correct and click on the Create buy order button to confirm.

IMPORTANT

You cannot create buy or sell orders with a price less than 2% variation from the current price. For example, if Bitcoin is currently worth €25,000 and we want to create a buy or sell order, we will have to indicate a price greater than €26,250 or less than €23,750. The reason for this limitation is to reduce the risk of an instant execution of an order due to unfavorable market conditions such as low liquidity or high volatility.
In the same way, buy or sell orders are limited to 100% greater or 50% less than the current price. For example, if Bitcoin is worth €25,000, the maximum range in which we can create an order will be between €12,500 and €50,000.
To be able to program a buy order, you must have sufficient balance in the wallet with which you make the payment.
Programmed buy orders are valid for 90 days. If the order has not been executed after this period because the indicated values have not been reached, it will be automatically deleted.

Buy/sell orders are an advanced tool for buying or selling cryptocurrencies. To be able to use it you must be aware of its risks.

Buy/sell orders are not limit orders and therefore the final purchase or sale price may vary from the price indicated in the purchase or sale condition. This is because the operation works as follows: when the cryptocurrency reaches the price indicated in the purchase or sale condition, a market-type order is executed with the desired amount to be purchased and therefore it will be affected by the market liquidity at that time as well as volatility.

Likewise, if a token records a very low trading volume or insufficient liquidity, the programmed order might not be executed.