Limit orders

How to place a limit order in the THORWallet app, which coins it supports, how long it stays open and how to cancel it.

Updated 2 min read
Short answer

A limit order swaps your coin only when the price reaches the target you set. In the mobile app, tap Trade, then Limit Orders, set the target price and the expiry, and confirm. The order stays open until it fills or expires.

On this page

A limit order lets you set the price at which you want to swap. The order waits until the market reaches that price.

Before you start

  • Limit orders are placed in the mobile app.
  • The coin picker on the Limit Orders screen shows the available coins.
  • You need the coin you sell and enough of the native coin of its chain for the network fee.

Steps

  1. Tap Trade, then Limit Orders.
  2. Choose the coin you pay and the coin you want to receive.
  3. Enter the amount.
  4. Set the target price under When Price reaches. You can type a price or tap Market, +5%, +10% or +15%.
  5. Tap Expires In and choose 1 day, 2 days or 3 days.
  6. Tap Next.
  7. Check Review Limit Swap, including the TX Fee and the Total fee, and tap Swap.
The Limit Orders screen.

If your target is worse than the current market price, the button shows Limit sell below market price and stays disabled. Set a target that is better than the market price, or use a normal swap.

See your open orders

The Limit Orders screen lists your orders under Orders. Tap View all to open Your orders. Each order shows:

  • the coins and amounts,
  • Filled: with the percentage that has been executed,
  • Expires in with the remaining time, or Expired,
  • Processing Order while a new order is being registered.

With no open order you see "No open orders. Orders you place stay here until they fill or expire."

In the web app: the swap page shows Your orders when you have at least one open order. The list is read-only.

Cancel an order

  1. Open Your orders.
  2. Tap the delete icon on the order.
  3. Check Cancel Limit Swap and tap Cancel to confirm.

Cancelling is a transaction that you sign and that costs a network fee. In Activity it appears as Close Limit order. The order itself appears as Limit order.

Note

A limit order is executed only if the market reaches your target before the order expires. There is no guarantee that it fills.

Common questions

Which coins can I use in a limit order?

The coin picker on the Limit Orders screen shows the available coins.

How long does a limit order stay open?

You choose 1 day, 2 days or 3 days under Expires In. The default is 3 days. An order that has not filled by then expires.

Can I cancel a limit order?

Yes. Open Your orders, tap the delete icon on the order and confirm Cancel Limit Swap. The cancellation is a transaction you sign.

Can a limit order fill partly?

Yes. The order list shows how much is filled as a percentage.

Can I place a limit order in the web app?

No. The web app shows your open orders on the swap page, but you place and cancel them in the mobile app.

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