The Crypto.com App has introduced a powerful new tool for traders: Target Price Orders. This feature empowers users to buy or sell cryptocurrencies at their desired price, offering greater control and flexibility in a volatile market. Whether you're aiming to purchase assets at a discount or lock in profits by selling high, Target Price Orders automate your strategy—so you don’t have to monitor price movements 24/7.
With this update, Crypto.com continues to enhance its platform with advanced trading tools previously found only on professional exchanges. Let’s dive into how this feature works, who it benefits, and how to use it effectively.
What Is a Target Price Order?
A Target Price Order is an automated instruction that allows you to set a specific price at which you want to buy or sell a cryptocurrency. Unlike market orders that execute immediately, your trade will only go through when the market reaches your specified target.
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This means:
- You can buy low: Set a target price below the current market value to acquire crypto at a better rate.
- You can sell high: Place a target above the current price to capitalize on upward trends and maximize returns.
Because the order is automated, you’re no longer required to constantly watch charts or risk missing ideal entry and exit points due to timing.
How Do Target Price Orders Work?
Target Price Orders are designed for crypto-to-crypto trades only, meaning you must have an existing balance of one cryptocurrency to trade into another at your chosen price.
Here’s what happens when you place an order:
- For a Target Buy Order, the equivalent funding amount (in the cryptocurrency you’re using as payment) is locked immediately.
- For a Target Sell Order, the asset you intend to sell is reserved from your wallet.
Once locked, these funds or assets cannot be used elsewhere in the app until the order is either executed or canceled.
Key Features:
- No expiration: Orders remain active indefinitely until the market hits your target price or you cancel manually.
- Instant unlock: If you decide to cancel, your crypto is released back to your wallet right away.
- No partial executions: The full order executes only when conditions are met.
Please note: Once an order is executed, it cannot be reversed or canceled.
How to Place a Target Price Order on the Crypto.com App
Getting started with Target Price Orders is simple and intuitive. Follow these steps directly within the Crypto.com Super App.
Step 1: Access the Feature
Navigate to the Target Price section via the Super App Menu. From here, you can:
- Submit new buy or sell orders
- View all open orders
- Check your order history
Step 2: Place a Target Buy Order
- Under Open Orders, tap Buy.
- Choose the cryptocurrency you wish to purchase.
Enter your desired target price—this must be:
- Lower than the current market price
- Within your available wallet balance
- Below the $5,000 notional limit per order
- Tap Confirm and enter your passcode to activate the order.
Step 3: Place a Target Sell Order
- Under Open Orders, tap Sell.
- Select the cryptocurrency you'd like to sell.
Input your target price, ensuring it:
- Is higher than the current market rate
- Reflects an asset balance available in your wallet
- Falls within the $5,000 maximum limit
- Tap Confirm and authenticate with your passcode.
Your order will now wait in the system, executing automatically once market conditions align.
Usage Limits and Best Practices
To ensure system stability and fair access, Crypto.com has implemented two key restrictions:
- Maximum of 10 open Target Price Orders at any time.
- Each order capped at a maximum value of US$5,000.
These limits encourage thoughtful trading while still accommodating active users.
Tips for Effective Use:
- Monitor market trends: Use technical analysis or price alerts to help determine realistic target prices.
- Review regularly: Market dynamics shift quickly; reassess your open orders weekly or after major news events.
- Avoid overextension: With only 10 slots available, prioritize high-conviction trades.
Frequently Asked Questions (FAQ)
Q: Can I use fiat currency (like USD) for Target Price Orders?
A: No. Only crypto-to-crypto trades are supported. You must hold a cryptocurrency balance to fund your buy orders.
Q: What happens if the market skips over my target price?
A: If the price gap occurs between exchange updates (e.g., due to rapid volatility), your order may not execute. Execution depends on whether the market reaches your target during active polling.
Q: Are there fees for placing or canceling Target Price Orders?
A: There are no additional fees for placing or canceling unexecuted orders. Standard trading fees apply only upon successful execution.
Q: Can I edit a Target Price Order after submitting it?
A: No. To modify an order, you must cancel it first and create a new one with updated parameters.
Q: How often does the app check market prices for order execution?
A: The system checks pricing data frequently, but exact intervals depend on exchange feed updates and network conditions.
Why Target Price Orders Matter in Today’s Crypto Market
In a space defined by rapid price swings, timing is everything. Manual trading requires constant attention, which isn’t practical for most users. Automated features like Target Price Orders bridge that gap by letting you define your ideal trade parameters in advance.
For beginners, this feature introduces a disciplined approach to investing—helping avoid emotional decisions during market spikes or dips. For experienced traders, it serves as a tactical tool to scale positions efficiently across multiple assets.
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As decentralized finance evolves, platforms that offer accessible yet sophisticated tools will lead user adoption. Crypto.com's latest addition reflects that shift—democratizing advanced strategies once limited to expert traders.
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By leveraging features like Target Price Orders, users gain more autonomy, reduce emotional decision-making, and improve long-term outcomes in their digital asset journey. Whether you're building a diversified portfolio or fine-tuning entry points, automation makes smarter trading possible—for everyone.