Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has enhanced its Convert tool to offer users greater control over crypto asset conversions with the introduction of Limit Order functionality. This update provides users with a flexible and precise approach to converting their holdings while maintaining zero trading fees.
Key Features of Bybit’s Limit Orders
Unlike Instant Orders, which execute immediately at the market conversion price, Limit Orders allow users to set a target conversion price. The transaction will only be executed once the desired price is reached or surpassed. Key features of Bybit Convert with Limit Orders include:
- Price Control: Users can determine their preferred conversion rate and wait for favorable market conditions.
- Zero Fees: Like Instant Orders, Limit Orders do not incur any trading fees.
- Order Validity: Orders remain active for up to 30 days, with funds securely held until execution or expiration.
- User Management: Orders can be tracked or canceled anytime via the Conversion History tab.
Quotes displayed on the Convert page reflect real-time exchange rates independently from Bybit Spot market prices. The chart accompanying this information is for reference only and does not represent historical Convert rates. This latest feature reinforces Bybit’s commitment to providing accessible and high-performing tools to both novice and experienced traders.
What’s Next for Bybit
Bybit continues its mission of empowering users with advanced trading tools, contributing to a more inclusive and sophisticated cryptocurrency ecosystem.