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# What’s the Difference Between Simple Swap and Limit Orders in Mixin Messenger?

Mixin Messenger has supported **Limit Orders** since **version 3.7.0**, allowing users to place orders at a specified price for **any supported asset and any amount**.

In Mixin Messenger, there are two main trading modes: **Simple Swap** and **Advanced (Limit Order)**.
They differ significantly in execution method, use cases, and trading logic, making them suitable for different types of users and trading needs.


## **Feature Comparison**


|  | Simple Swap | Limit Order |
| –– |
| Execution | Executed immediately | Executed only when the market price reaches the specified price |
| Speed | ✅ Completed within seconds | ⏳ Not guaranteed to execute; may take a long time or never execute |
| Price | Market price, affected by liquidity | ✅ Executed at the specified price |
| Supported Assets | Major assets | ✅ All supported assets |
| Ease of Use | ✅ Very easy, one-tap swap | Requires understanding price, direction, and market movement |
| Best For | Quick swaps / no price watching / small amounts | Buy the dip / take profit / precise trading / large amounts |

## **How to Choose the Right Trading Mode?**

### **Recommended scenarios for Simple Swap:**

• You want the trade to complete immediately
• You don’t want to wait or monitor the market
• The trade amount is small and slippage is acceptable
• You are a beginner and prefer a simple experience


### **Recommended scenarios for Limit Orders:**

• You want to buy or sell at a specific price
• You are not in a hurry and can wait for the right price
• The trade amount is large and price control matters
• You have a clear trading strategy (e.g. buying the dip or taking profit)

||| Limit orders are **not guaranteed to execute**.
||| The system will only match the order when the market price reaches your specified price.

## **Common Misunderstandings**

* **Are limit orders always better than simple swaps?**
**Not necessarily.**
Limit orders give you price control but carry the risk of not being executed.
Simple swaps execute at market price, offering higher certainty and speed.
* **Can I cancel a limit order after placing it?**
**Yes.**
Before execution, the order amount will be transferred to the order bot and held for matching.
Once the order is canceled, the assets will be automatically returned to your wallet.
||| If the order amount is very small, network fees may be deducted, which could result in no assets being returned.

## **Related Articles**

* [How to Use the Limit Order Feature in Mixin Messenger?](https://support.mixin.one/en/article/how-to-use-the-advanced-limit-order-feature-in-mixin-messenger-1hrjsum/)
* [How to Use the Trading Feature in Mixin Messenger?](https://support.mixin.one/en/article/how-to-use-swap-feature-on-mixin-messenger-z65jhw/)