Binance expands options with Limit Buy orders for cryptocurrency
Binance launches new buy tool
Binance, one of the world’s largest cryptocurrency exchanges, has launched a new feature that allows users to place Limit Buy orders directly through the “Buy Crypto” service.
This update enables users to purchase digital assets at a pre-set price using local currency via debit or credit card.
The new feature is available on both the Binance website and the Binance Pro app, enhancing the flexibility of fiat-to-crypto transactions. With Limit Buy orders, users can specify the price they are willing to pay for a crypto asset, and the transaction will only be executed if market conditions match the user’s parameters. This provides greater control over purchases and brings the fiat purchasing process closer in line with traditional trading tools.
Benefits of limit orders and a strategic approach to buying
Unlike market orders, which are executed at the best available price at the time, limit orders allow users to set an exact target price. This is especially useful during periods of high volatility when price swings may impact buying decisions. Thanks to this update, Binance users who prefer a more strategic market entry now have a built-in tool that removes the need to monitor prices manually or rely on third-party platforms.
Technical requirements and feature significance for users
To place a Limit Buy order, users need to log in to their Binance account via the website or Pro app, go to the “Buy Crypto” section, select the desired cryptocurrency and payment method, then choose the [Limit Buy] option and enter the target price. After that, users simply follow the on-screen instructions to complete the order.
Binance notes that to access this new feature, users must update their app to version iOS 2.100.0 or Android 2.100.0 or higher. Terms and conditions apply, and users are encouraged to consult the official FAQ for detailed guidance.
This update enhances Binance’s appeal to both beginners and experienced traders by offering more customization and precision when purchasing crypto with fiat. As interest in digital assets continues to grow, features like Limit Buy help bridge the gap between convenience and advanced trading capabilities.
It is worth noting that Binance recently made a significant move to expand its crypto payment solutions in Latin America by officially integrating Binance Pay with Pix — Brazil’s national instant payment system. The new feature allows users to easily convert cryptocurrency into Brazilian reais (BRL).
