Place Order

Two order types, two directions, one orderbook. Market orders fill instantly at the current price. Limit orders sit in the Polymarket CLOB until your price is matched — and earn maker rebates when they fill.

Key Takeaways
  • Limit orders: set your own price — maker rebate earned, zero fee charged
  • Market orders: instant fill at current best price from Polymarket CLOB
  • Selling changes the input from dollar amount to token shares (25% / 50% / Max)
  • Every order EIP-712 signed by your wallet — operator cannot execute trades for you
Trading Panel

What Every Field Means

The trading panel shows all order parameters before you confirm. No hidden costs — every number is visible before you tap Trade.

Field Example Meaning
Amount $1 How much cash you are spending (buy) or how many tokens to sell
Cash $2.98 Your available balance in pUSD
To win $1.96 Total payout if market resolves in your favor
Avg. Price 51¢ Average cost per token at current orderbook depth
Limit price 38¢ Your target price — limit orders only
Shares 12 Number of outcome tokens in this order
Total $12.00 Total cost of the order at your limit price
Orange "This price may fill immediately" — limit price is at or above current market. Order behaves like a market order.
Yellow "Insufficient balance — Deposit" — not enough pUSD in account. Click to go to deposit.
Examples

Worked Order Examples

Two real-scenario walkthroughs — one market order on a short-term crypto contract, one limit order on a long-duration event.

Market order — BTC price direction

  1. Select Buy, Market, tap outcome button (e.g., UP 51¢)
  2. Enter amount: $1
  3. Panel shows: To win $1.96 at Avg. Price 51¢ (~1.96 tokens)
  4. Tap Trade — order fills immediately
  5. If BTC closes up: receive $1.96 · If BTC closes down: lose $1

Limit order — World Cup winner

  1. Select Buy, Limit on a multi-outcome market
  2. Set limit price: 12¢ · Shares: 100
  3. Total cost: $12.00 · To win: $100.00
  4. Tap Place Order — order sits in Polymarket CLOB
  5. Fills when someone sells at 12¢ or lower

Selling Positions

Switch to Sell mode to close an open position. The input changes from dollar amount to token shares — your holdings. Quick select buttons: 25%, 50%, Max. Sell proceeds return to your pUSD balance instantly.

You can sell before market resolution. Selling early locks in your current unrealized P&L. Token price at time of sale is your exit price — no need to wait for the market to resolve if you want to take profit or cut a loss.

FAQ

Order Questions

Frequently Asked Questions

01 Market vs limit order?
Market: fills instantly at current price. Limit: waits at your target price in the CLOB. Limit makers earn daily USDC rebates and never pay fees.
02 What does "To win" mean?
Total payout if you win. Spend $1 on Yes at 51¢ → receive ~$1.96 if Yes resolves. Every winning token redeems at $1.00.
03 "This price may fill immediately" warning?
Your limit price is at or above current market — order will execute immediately like a market order. Not an error, just expected fill behavior.
04 Can I set order expiration?
Yes. Toggle "Set expiration" in trading panel. Order auto-cancels after your chosen period. Useful for short-duration markets.
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