New Voyager 1.2.0 App Version Introduces Limit Orders Feature for Crypto Traders
A couple of months after going public, Voyager is already setting the bar in crypto brokerage by allowing customers to freely place limit orders on their trades. Voyager's Update 1.2.0 introduces this feature on all almost all the significant market assets, led by BTC, ETH, and BCH.
One of the greatest perks of using this feature is the convenience of setting a limit order. Upon inputting the order, Voyager will handle everything, ensuring that the order is fulfilled once it reaches the pre-set price. Ideally, the new feature ensures that no customer misses a vital market move.
We are excited to announce the release of Limit Orders for #Bitcoin, #Ethereum, #BitcoinCash, and other large market coins with Voyager’s 1.2.0 Update! Learn more about this new feature here: https://t.co/xXMWCb01hR#crypto #trading #investvoyager
— Voyager (@investvoyager) June 12, 2019
But First, What Is A Limit Order?
This essentially is a price an investor pre-specifies on how much a crypto asset could be bought or sold at. One could set a limit order to purchase Bitcoin only if it drops to $7,500, and leave it upon Voyager to handle the rest.
This crypto brokerage platform will only execute the order automatically if the market price drops to or below the pre-set amount. One other thing with a limit order is the fact that it can also be set on the sell side such that one sells his/her assets when the market price rises to a particular point.
The crypto market is infamously volatile, and investors know it. However, with Voyager introducing limit orders, traders will be assured of greater control over the buying or selling prices of their assets.
How Does One Place A Limit Order?
- Everything happens on the Voyager App – you can get it from the Apple iTunes store or directly from Voyager's official website.
- Upon downloading and installing it, you will need to create a Voyager Trading Account. At this point, however, ensure you are using the latest, updated version.
- The next thing would be to set the Limit Order. You can do this by first navigating to your crypto asset of choice before shifting the order from “Market” to “Limit.”
- The last step will be to enter the amount to trade as well as your desired order price. When done doing all you, rest easy and wait as Voyager handles everything.
Here's The Catch!
To select a percentage of the balance in your account, just tap the pre-set figures just above the keyboard. The remaining balance is right at the top left part; you could use it to determine your desired trading amount.
Voyager's intelligent system will automatically execute the order as soon as it hits your limit. You will also receive a notification of the same, even when you aren't online.
Canceling a Limit Order
To cancel a Limit Order, however, you simply log in to your account and head over to the “View Orders and Transfers” tab. Next, choose the limit order and hit ‘Cancel.'