Bybit Introduces Limit Orders in Convert for Improved Trading Precision

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has upgraded its Convert tool with a new Limit Order feature. This enhancement offers traders improved control over crypto asset conversions while still maintaining zero trading fees.

Unlike Instant Orders that execute immediately at the current market conversion rate, Limit Orders let users specify a desired conversion price. The conversion will only occur once the market reaches the set price.

Key features of the new Limit Orders on Bybit Convert include:

• Price Control: Users can set a preferred conversion rate and wait for favorable market conditions.
• Zero Fees: Both Limit and Instant Orders carry no trading fees.
• Order Validity: Orders remain active for up to 30 days with funds securely locked until the order is executed or expires.
• User Management: Traders can track or cancel orders at any time using the Conversion History tab.

The quotes shown on the Convert page reflect real-time exchange rates, separate from Bybit Spot market prices. The accompanying chart serves as a reference and does not display historical Convert rates.

This latest update reinforces Bybit’s mission to provide high-performance, accessible tools that benefit both novice and experienced traders.