A Limit Order Contract is a type of trading agreement that allows a trader to set a specific price at which they want to buy or sell a cryptocurrency. This means that the transaction will only occur when the market price reaches that predetermined level. For buyers, this helps ensure they don’t overpay. For sellers, it offers a way to maximize profits by selling at a higher price than current market rates. These contracts provide a layer of control in the often volatile crypto market, as traders can wait for favorable conditions without needing to monitor the market continuously. Once the specified price is hit, the order is executed automatically. However, there is always a risk involved. If the market doesn’t reach the set price, the order may remain unfulfilled. Limit Order Contracts are a useful tool for strategic trading, offering flexibility and potential cost savings.