What Is a Limit Order?

A Limit Order on Pluang is a PRO Mode Advanced Order that buys or sells crypto only at the price you set or better, guaranteeing the execution price but not guaranteeing the order will fill at all. A buy Limit Order executes only at your limit price or lower; a sell Limit Order executes only at your limit price or higher. If the market never reaches your price, the order simply stays pending and doesn't execute — you're never forced into a worse price. Because a Limit Order adds liquidity to the order book rather than taking it, it is a maker order, so it is charged a maker fee (subject to 11% VAT), and a floating spread applies. On Pluang, an Advanced Order such as a Limit Order stays valid for up to 90 days before it expires unexecuted, and you can modify or cancel it anytime while it is still pending. Use a Limit Order when getting a specific price matters more than filling immediately.

• Price control, no execution guarantee. A buy Limit Order fills at your set price or lower; a sell Limit Order fills at your set price or higher. The trade-off for that price certainty is that the order may never fill if the market doesn't reach your level.
• Validity of up to 90 days. A pending Limit Order stays live for up to 90 days from placement and expires automatically if it hasn't executed and you haven't cancelled it. If it fills only partially, the remaining unfilled portion expires at 24:00 WIB on the same day rather than running the full 90 days.
• It's a maker order. By resting in the book waiting for your price, a Limit Order adds liquidity, so it is charged a maker fee (subject to 11% VAT). A floating spread also applies, varying with the asset's liquidity and market conditions.
• Pending orders lock funds or units. A pending buy Limit Order locks the IDR equal to its value until it fills, cancels, or expires; a pending sell Limit Order locks the units being sold. Cancelling or letting the order expire returns the locked IDR or units to you.
• Modify or cancel anytime while pending. As long as it hasn't fully executed, you can change the limit price or cancel a Limit Order from your open orders list, and any locked funds or units are released immediately on cancellation. You can hold up to 200 pending orders per coin.
• Worked example. Suppose BTC is trading around a given rupiah price and you set a buy Limit Order slightly below it. If the market falls to your limit price or lower, the order executes at your price or better; if it never gets there, the order stays pending until it either fills or expires.

Related questions:

Q: Is my Limit Order guaranteed to execute?
No. A Limit Order guarantees only that, if it fills, it fills at your set price or better — never worse. It does not guarantee that it fills at all. If the market never reaches your limit price, the order stays pending and eventually expires unexecuted. This is the core trade-off of a Limit Order: you gain price certainty but give up the certainty of immediate execution that a Market Order provides.

Q: Why didn't my Limit Order execute even though the price seemed to reach it?
For Advanced Orders, execution is based on the underlying exchange price, which can differ from the price shown on the chart. If there wasn't enough liquidity at your level on the exchange, the order may not fill even though the chart briefly appeared to touch it — this is Pluang's slippage protection at work. The reverse can also happen: an order may fill when the chart didn't seem to reach your price, because the exchange price briefly did.

Q: How long does a Limit Order stay active before it expires?
A Limit Order, like other Advanced Orders on Pluang, stays valid for up to 90 days from when you place it. If it hasn't executed and you haven't cancelled it within that window, it expires automatically. One exception: if the order fills only partially, the remaining unfilled portion doesn't run the full 90 days — it expires at 24:00 WIB on the same day the partial fill happened.

Q: Can I cancel or change a Limit Order before it executes?
Yes. As long as the order hasn't fully executed, you can modify its limit price or cancel it entirely from your open orders list in the app. When you cancel a pending buy Limit Order, the IDR it locked is returned to your wallet immediately; when you cancel a pending sell Limit Order, the units it locked are released back to you. Partially filled orders can also be cancelled for the unfilled remainder.

Q: What is the difference between a Limit Order and a Stop-Limit Order?
A Limit Order is active from the moment you place it and sits in the book at your chosen price. A Stop-Limit Order is not active immediately — it only becomes a Limit Order once a separate trigger (stop) price is reached first. So a Stop-Limit Order adds a condition before your limit price even comes into play, whereas a plain Limit Order is working straight away.