How to Set Limit Orders on Polymarket (2026 Guide)
Master limit orders on Polymarket to get better prices, avoid fees, and earn maker rebates. Step-by-step with examples.
Table of Contents
What Are Limit Orders on Polymarket?
A limit order specifies the maximum price you are willing to pay (for buys) or the minimum price you will accept (for sells). Your order sits on the orderbook until someone matches it or you cancel.
On Polymarket, limit orders are called GTC (Good Til Cancelled) orders. They remain active until filled, cancelled, or the market resolves. This is different from FOK (Fill or Kill) market orders which execute immediately or fail.
How to Place a Limit Order
Open any market on Polymarket. Select YES or NO, then set your price. For a buy limit order, set the price below the current ask. Your order posts to the orderbook and waits for a seller to match.
Example: If YES is trading at $0.55, place a buy limit at $0.50. When the price dips to $0.50 or a seller accepts your price, the order fills automatically. You save $0.05 per share compared to a market order.
Fee Advantage: Maker vs Taker
The biggest reason to use limit orders: zero fees. Polymarket charges ~2% taker fees on crypto rolling markets but 0% for maker (limit) orders. Makers even earn small rebates.
On a $100 trade, using a market order costs ~$2 in fees. A limit order costs $0 and may earn a small rebate. Over hundreds of trades, this difference compounds significantly.
Limit Order Strategies
Place limit orders at support/resistance levels where you expect price reversals. For example, if a market repeatedly bounces between $0.40 and $0.60, set buy limits at $0.42 and sell limits at $0.58.
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Frequently Asked Questions
How long do limit orders stay active?
GTC (Good Til Cancelled) orders remain active until filled, cancelled by you, or the market resolves. There is no time limit.
Can I cancel a limit order?
Yes. Open your active orders in the Portfolio tab and click Cancel on any pending order. Cancellation is free and instant.
What if my limit order only partially fills?
Partial fills are possible. You receive shares for the filled portion. The remaining order stays on the book waiting for more matches.
Should I always use limit orders?
For crypto rolling markets, yes — the fee savings are substantial. For fast-moving event markets where you need immediate execution, market orders may be appropriate.