> For the complete documentation index, see [llms.txt](https://help.defisaver.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.defisaver.com/features/exchange/what-are-limit-orders.md).

# What are Limit Orders?

Limit orders are a type of exchange order that allows users to buy or sell an asset at a specific market price. 

Users can set:

* Which asset they want to sell
* How much they want to sell
* Which asset they want to buy
* What asset they want to buy
* At what price point will the exchange trigger
* How long until the Limit Order expires

<details>

<summary>Limit Order use-case:</summary>

1. You're currently holding ETH, and you're looking to sell it for DAI.
2. However, the current, hypothetical price of 1 ETH = 2,000 DAI isn't good enough for you.
3. So, you want to set an automation where your ETH will be sold for DAI once the value of ETH reaches a specific amount.
4. To achieve this, you visit DeFi Saver and go to our Exchange tool located in the sidebar:

<figure><img src="/files/mx0fRVrkiNjguuebhNwy" alt=""><figcaption></figcaption></figure>

5. You click on the Limit Order tab:

<figure><img src="/files/AFghLve7UenAEVo0wBru" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
*Please note that your ETH must be wrapped into WETH in order to be compatible with Limit Orders.*
{% endhint %}

6. You'd like to sell 20 of your ETH (WETH) once the price of 1 ETH = 2,500 DAI is reached
7. You set that your Limit Order expires in 1 day
8. You click "Create order"
9. If the price is met within a day, the exchange occurs. If not, it gets canceled.

</details>

On DeFi Saver, a limit order is technically an [automated strategy](https://blog.defisaver.com/automated-strategies-technical-overview/) performing a swap at a configured exchange rate between two selected tokens.

<figure><img src="/files/dyYsc0hmCwwmwC84dAsl" alt=""><figcaption></figcaption></figure>

> Any configured limit order will be executed once the minimum amount to be received in the swap matches the rate that you set. \
> \
> This means that your limit order may not actually be executed in cases where the market price only reaches your configured rate or exceeds it by an irrelevant percentage.

{% hint style="warning" %}
*In case the wallet lacks sufficient sell token balance when the limit order is triggered, it will not be executed.* \
\
*Additionally, should funds return to the wallet prior to the expiry date and if the exchange rate condition remains met, the limit order will execute unless canceled.*
{% endhint %}

DeFi Saver takes no fee for Limit Orders on the Exchange dashboard.

***

## Related Articles:

* [DeFi Saver fees](https://help.defisaver.com/general/what-is-defi-saver/defi-saver-fees)
* [What is DCA? ](https://help.defisaver.com/features/exchange/what-is-dca)