Here, we will explain the Automatic Price Update feature.
The Automatic Price Update feature is available for limited orders. By using this feature, you can experience quick order execution similar to market orders while only paying the Maker fee for limited orders.
If you have not checked the Automatic Price Update box:
- When the Automatic Price Update box is unchecked, the current real-time price will not be displayed on the trading screen. Therefore, you will need to enter the price directly, which may be inconvenient for those seeking swift transactions.
If you have checked the Automatic Price Update box:
- When the Automatic Price Update box is checked, the real-time price will be displayed on the trading screen. Although Maker fees apply to order execution, you can achieve quick execution similar to market orders.