The Two-factor authentication feature represents an extra layer of security for Limitlex accounts and is designed to ensure that the account owner is the only person who may access their account, even if someone knows their password.
You can use Google Authenticator or SMS option can be used for setting up your two-factor authentication.
Upon setting up the two-factor authentication, you will be asked to provide two pieces of information to log into your account: your password and a 6-digit authentication code.
We strongly recommend all our users enable this security feature, to prevent any potential unauthorized access to their accounts.
This feature is essential for keeping your assets safe, so please take the time to set it up as soon as possible!
Moreover, we strongly suggest that you install the authentication app on a separate device (e.g. mobile phone, tablet computer, etc.).
The bid price is the highest price that a particular buyer is willing to pay for a specific product or service. In the context of financial/crypto markets, it is the value buyers offer for an asset, such as a commodity, security or cryptocurrency.
The asking price is the minimum price that an individual would be willing to sell their asset, or the minimum amount that they want to receive in return for the unit(s) they are parting with.
Here you can see all of your open orders. To cancel an open order, just click the ‘X’ symbol next to it.
Limit order gives you the power to set a specific price at which you would like to buy or sell the desired amount of cryptocurrency.
A market order is an order type that enables you to buy or sell at the best available market price.
A Stop Loss Limit order is designed to limit your loss on a cryptocurrency position. A Stop Loss Limit order can be placed to buy or sell a specific cryptocurrency at your entered price (a limit order) once that cryptocurrency reaches a certain price.
A take profit limit order is an order put in place by traders to maximize their profits and protect their profits on positions. A take profit limit order allows you (a trader) to set your custom made Buy or Sell order. You have to set two prices - the Trigger Price and the buy/sell Price.