On the 24th of October 2022, Crypto.com’s app fully integrated its Fiat wallet with the target price feature, which is available to its global community.
🌏 Fiat Wallet integration with the Target Price Orders feature is now live in the https://t.co/vCNztATSCO App globally, exclusions apply.
— Crypto.com (@cryptocom) October 24, 2022
The target price feature allows users to determine the price they would buy and sell their assets, ultimately removing the need to constantly monitor the market prices. The feature is also fully integrated with their fiat wallet, which allows users to gain full control over each transaction.
The feature comprises the target buy order and the target sell order, which means the system automatically executes the trade once the price rises or falls to the target price.
Each live target cannot be amended, it can only be cancelled and set again, and the trade can only be cancelled under the condition that it has not been executed.
Another prominent feature of the target price order is the lack of an expiring date. Until a target price order has been executed, it will remain open. Once the market price hits the target price, it will be executed. This allows the trader to focus on market analysis to predict the price better.
After a target price order has been set, the user can check the order’s status by simply navigating to the target price on the app and selecting order history.
The status of the order can be in one of five states. These are incomplete, open, processing, filled, and cancelled. The other is incomplete if any associated issues need the user’s attention.
The open orders are still awaiting execution, the field others have already been executed, and the cancelled orders have been cancelled before they were executed.
The user can also set up their Fiat wallet or crypto assets as a means of payment whilst placing the order. if the user has sufficient funds or assets, the funding amount will be locked until the target order has been executed or cancelled. The funds would not be available to use anywhere.
Each user has a limit of 20 live target orders and a nominal maximum of 5,000 dollars.