An order with a price you will not cross. It waits on the book and makes liquidity.
A limit order names a price you will not cross and then waits. It makes liquidity rather than consuming it, usually earns the lower fee, and carries the one risk a market order does not: it might never fill. Every wall you see on the board is somebody's limit order, sitting there being either conviction or a bluff.
Every idea on this page is something you can see on a live tape rather than take on faith. The board draws real executed trades as an army: buyers advance from the left, sellers from the right, and the glowing line between them is the price. Here is how to read it.
Now go watch the word happen. The live board is free for XRP — no account, no sign-up.
▶ Open the live board Unlock all seven markets · $2.99