Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has enhanced its Convert tool by introducing Limit Order functionality. This update offers users greater control over crypto asset conversions — with zero trading fees maintained.

Unlike Instant Orders, which execute immediately at the market conversion price​​, Limit Orders allow users to set a target conversion price. The transaction only executes once that conversion price is met or exceeded.

Key features of Limit Orders on Bybit Convert include:

• Price Control: Users can set a preferred conversion rate and wait for favorable market conditions.

• Zero Fees: Limit Orders, like Instant Orders, incur no trading fees.

• Order Validity: Orders remain active for up to 30 days, with funds securely locked until execution or expiration.

• User Management: Orders can be tracked or cancelled anytime via the Conversion History tab.

Quotes displayed on the Convert page reflect real-time exchange rates, independent from Bybit Spot market prices. The accompanying chart is for reference only and does not represent historical Convert rates.

This latest feature continues Bybit’s mission to provide accessible, high-performance tools for both novice and experienced traders.

More information is available here.

#Bybit / #TheCryptoArk