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I have successfully placed a buy/sell order. Why haven't the coins/THB been credited to my wallet?

By orbix • Publish in FAQ • May 26,2025 • 4 min read

I have successfully placed a buy/sell order. Why haven't the coins/THB been credited to my wallet? 

Trading on our exchange operates on a Limit Order. Orders will only be executed when the market price reaches or surpasses the price set by the user. To ensure quicker matching of your orders, it is recommended to set your price close to the current market price. 

Example of Placing a Limit Order 

Placing a Buy Order* *

Suppose the current market price is 2,500. 

If you place a Limit Order at 1,500, your order will not be executed immediately because the market price has not yet dropped to your set level. 

However, if you place a Limit Order at 3,000, which is higher than the current market price, your order may be executed immediately once the market price reaches this level. 

Additionally, if you set your buy price at 2,500, your order will be executed immediately if a seller is willing to sell at that price. 

Placing a Sell Order* *

Suppose the current market price is 2,500. 

If you place a Limit Order at 3,000, your order will not be executed immediately because the market price has not yet risen to your set level. 

However, if you place a Limit Order at 1,500, which is lower than the current market price, your order will be executed immediately at 2,500 or the best available price at that moment. 

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How to sell cryptocurrency coins on the orbix Trade application

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