Imagine that Bitcoin is trading at 26,000 euros, but you are only willing to enter the market when the price drops to €25,500. What are you going to do, keep checking the price every minute waiting for it to drop to the price you have set? No. At Bit2Me, we never stop. It doesn’t matter if it’s the middle of summer, because we keep working to always give the best to our users. And proof of this is the new service that we’re bringing you: purchase orders within your Bit2Me mobile app. Let us tell you a little more about it.
What are the new purchase orders?
With Bit2Me’s purchase orders, which you can find within the App, you no longer have to worry about this. You simply set it up and, when the market price reaches the price you have set, the purchase order is automatically executed. Then you will automatically get a notification on your phone. The same applies if you want to sell instead of buying at a specific price.
In case your purchase order is about to be executed, you must have euros available in your Bit2Me wallet so that they can be used when the system executes the purchase along with Bit2Me’s minimum fees.
What is the meaning of this message that you will see when setting up your purchase order? We are simply explaining how this new option works, and you have to keep in mind that when the price reaches the one you have chosen, the order will start to execute. However, due to the load of orders that may exist, it may fail to execute if during that time the price undergoes a variation greater than 2%. This way, we are eliminating risk for you, as you would be buying with an undesired variation.
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