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Why is my transaction becomes a pending order when I am using the limit method?

  1. INDODAX
  2. Digital Aset
  3. Sell and Buy

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When you are buying/selling Bitcoin using the limit or spot market method, you are setting an order using your own price. Due to that reason, your transaction will only be processed when the Bitcoin market price surpasses your own price.

For example, you wish to sell Bitcoin on the price of 5 million IDR per BTC. At the moment, the Bitcoin price on the market is 4 million IDR for every bitcoin. Automatically, your order will not be executed until the Bitcoin’s price move up to 5 million IDR as you desire.

If you want to use the limit method or Bitcoin spot market, we suggest you to create buy/sell orders in a range of price that is not too far from the current one. If you want to buy/sell Bitcoin instantly, then choose the Market (Instan) method.

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  • Introducing the Advanced Market Chart
  • Indodax's Market Categories
  • How can I view my pending orders?
  • What are Limit Order, Market Order, and Stop Limit Order?
  • USDT Market
  • IDK - Stablecoins
  • What is Market Taker and Market Maker?
  • I'm a New User and Don't Know Where to Start. How Can I Buy / Sell Digital Asset at indodax.com?
  • Indodax Detailed Fees

Related articles

  • Why is my order pending for days?
  • I'm a New User and Don't Know Where to Start. How Can I Buy / Sell Digital Asset at indodax.com?
  • What is Market Taker and Market Maker?
  • Indodax Detailed Fees
  • USDT Market

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