How to create a buy order?

Modified on Mon, 6 Jul at 12:00 PM

Buy orders are a fantastic tool to set 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 will execute automatically. To do this, you just need to have the indicated funds available in Euros, USDC, or EURC

To schedule a buy order, you need to start the process of any purchase from the wallet of the cryptocurrency for which you want to schedule the order, or by using the operations button:

Tap the operations button (blue square) found in the horizontal menu at the bottom of the screen if you're using the app, or in the upper right corner if accessing from the web:
In the operations menu, tap "Buy" + .
Choose "Buy order" as the purchase type.
Select the cryptocurrency from the list for which you want to schedule the purchase.
Enter the quoted price at which you want the buy order to execute by tapping + or -, or manually using the numeric keypad.
Select the payment currency (Euro, USDC, or EURC) and tap the Continue button.
On the next screen, indicate the amount to buy when the conditions of the order you are scheduling are met. To schedule the order, funds must be available in your Wallet in euros or stablecoin, as it is currently the only available payment method. To register the amount to buy, tap the Continue button.
In the final window, you'll see the details of the buy order you are about to schedule. Review that everything is correct and tap the Create buy order button to confirm.

IMPORTANT

Buy or sell orders cannot be created with a price variation of less than 2% 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 need to indicate a price greater than €26,250 or less than €23,750. The reason for this limitation is to reduce the risk of instant order execution due to unfavorable market conditions such as low liquidity or high volatility.
Similarly, buy or sell orders are limited to 100% higher or 50% lower 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 schedule a buy order, you must have sufficient balance in the wallet you use for payment in Wallet.
Scheduled buy orders are valid for 90 days. If the order has not been executed after this period due to the indicated values not being reached, it will be automatically deleted.

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

Buy/sell orders are not limit orders, and therefore the final buy or sell price may vary from the price indicated in the buy or sell condition. This is because they operate as follows: when the cryptocurrency reaches the price indicated in the buy or sell condition, a market order is executed for the desired quantity to buy, and thus it will be affected by market liquidity at that moment as well as volatility.

Similarly, if a token registers very low trading volume or insufficient liquidity, the scheduled order might not execute.