Limits orders allow users to set the preferred buy and sell price for a particular asset, removing the need to monitor an asset and buy or sell manually when the desired price range has been reached.
Limit orders placed to sell an asset can mitigate the risk taken on volatile assets by selling if the price drops unexpectedly. This allows the trader to re-evaluate and re-position themselves for another trade. Likewise, a limit buy order can be set to buy assets when it has reached a desirable price
Limit orders to buy can only be placed if covered by your available euro balance. Sell orders can only be placed for an asset that is currently owned. Any orders that are placed will immediately remove the assets or the funds from your portfolio balance and cannot be accessed until either the limit order is either triggered or canceled.