Binance
UpdatedBTCUSDT
- Maker fee
- 0.1%
- Taker fee
- 0.1%
Last updated (UTC)
Fees are not available right now. You can check the platform’s website.
Check fees on the official websiteWhy is the limit order still open?
Practice funds only. No real order is placed.
2/ 4
- Enter amount
- Review fee
- Confirm order
- See result
This exercise
See when your limit order fills
- Choose Bitcoin
- Enter amount
- Confirm what you receive
Example price: 50,000 USDT / BTC · Fee: 0.1%
Teaching simulation · No real transactions
Read explanation
A limit controls the price, not when an order fills
Market: execute at available prices
A market order tries to buy or sell immediately at prices other traders are offering. It may fill in several parts at different prices from the latest quote on screen. This lesson uses one selling price with enough Bitcoin available to buy.
Limit: set a price boundary
With a buy limit of 49,000 USDT, an ask of 50,000 is not eligible. The exercise switches the example ask to 48,000 and calculates a result at that price to compare eligibility. A real resting order is not repriced to each new ask. Its fill price depends on matching in the order book and cannot exceed your buy limit.
Waiting, cancelling and partial fills
Unfilled orders can be submitted for cancellation under platform rules; in real markets a fill may race with cancellation. Limit orders can also fill partially. This practice simplifies the model to full fills and full cancellations.
What would the exchange charge?
BTC / USDT · SpotThese rates come from one account on each platform and may differ from yours. Account tiers and discounts can affect fees. The exercise above still uses its example rate.
OKX
UpdatedBTC-USDT
- Maker fee
- 0.08%
- Taker fee
- 0.1%
Last updated (UTC)
Fees are not available right now. You can check the platform’s website.
Check fees on the official websiteA maker leaves an order on the book before it matches; a taker matches an existing order. Different fills from one order may use different rates. Binance shows standard rates here, before extra charges or BNB discounts; check OKX for promotional rates. A negative rate here means a fee rebate.