Limit Orders on NEAR Intents: How They Work

A limit order on NEAR Intents lets you choose the price. You set a price for 1 unit of the asset in USDC and send one deposit. NEAR Intents keeps the order open until it can fill at that price or better, then pays out to your address. Anything unfilled is refunded. No account, no KYC.

What is a limit order on NEAR Intents?

A market swap takes the price available right now. A limit order waits for a price you pick. You say "sell my BTC when 1 BTC is worth this much USDC" or "buy BTC when 1 BTC costs this much USDC", and the order sits there until the market gets to you.

On LeoDex, limit orders run on NEAR Intents. It is the same network behind NEAR Intents market swaps on LeoDex, including confidential swaps. NEAR Intents holds the order, watches the price, and fills it when it can. LeoDex is the interface. It never holds your funds.

Two things make this different from a limit order on an exchange. There is no account, so there is no balance to deposit into first and nothing to withdraw afterwards. And each order has its own deposit address, so your funds only ever sit in the one order you placed.

How does a NEAR Intents limit order work?

Every order goes through the same four stages.

1. You set the terms. Pick the asset, Buy or Sell, your price for 1 unit in USDC, the size and how long the order stays open.
2. NEAR Intents creates a deposit address. It is a one-time address for this order, with the exact amount to send. You can pay it from any wallet or exchange with the QR code, or connect a wallet and send in one tap.
3. The order opens once your deposit credits. Bitcoin deposits credit after 2 confirmations and Litecoin after 6. While you wait, LeoDex shows when the deposit is seen in the mempool and a rough estimate in minutes.
4. It fills and pays out. When NEAR Intents can fill at your price or better, it settles the fill onchain and pays directly to the address you chose. An order can fill in one piece or several. Each piece pays out as it happens.

Chart pages quote against USDC on Base, so a filled sell pays USDC on Base. The swap card on the home page can quote other pairs NEAR Intents supports.

Can I buy with a limit order, or only sell?

Both. The two sides work like this:

• Sell. You deposit the asset, for example BTC. When the order fills you receive at least the USDC total shown.
• Buy. You deposit USDC, at most the budget shown. On chart pages that is USDC on Base. When the order fills you receive exactly the amount of the asset you asked for.

Fees sit inside the price you see. The USDC total on a sell is what you get after fees, and the budget on a buy already includes them, so you never deposit more than the budget. The review screen shows the exchange fee and the network fee before you place the order.

How long does a limit order stay open?

You choose when you place it: 1 day, 3 days, 7 days or 30 days. The default is 7 days. To change it, tap the expiry in the order summary before you place the order.

When the time is up, whatever did not fill is sent back to your refund address. You do not have to do anything. If the order filled in part, the filled pieces have already been paid out and only the remainder comes back.

The price cannot be edited once the order is placed. To change it, cancel the order and place a new one.

How do I see or cancel an order without a wallet?

Your funds are never at risk. When you place an order, you choose where your fills are paid and where any refund goes. Nobody can change those addresses afterwards, so your money can only ever come back to you.

LeoDex gives your browser a private order key for viewing and canceling the order, and stores only a hash of it. To see or cancel the order, your browser proves it holds that key. LeoDex can check the proof against the hash without ever storing the key itself, so a leak of LeoDex's own records could not be used to touch your order. It never sees your private keys.

The key is saved in this browser and in your private order link. Bookmark the link to check or cancel the order from another device. Keep it private anyway: the most anyone with it could do is cancel early, which sends the unfilled amount straight back to your refund address. If you lose the key, nothing is lost. The order still fills, or it expires and refunds to you on its own.

NEAR Intents accepts a cancel at once. The refund is a normal onchain transaction, so it lands after the next block on that chain. On Bitcoin that usually means 10 to 30 minutes. A fill already in progress can still complete.

What does a limit order cost?

The LeoDex exchange fee plus the NEAR Intents order fee, a small solver spread and the network fee to pay you out. All of them are shown before you place the order. If the order fills in pieces, each payout pays the network fee. There is no extra fee to place an order, to cancel it or to let it expire.

If nothing fills, the refund costs only a network fee. You never pay the exchange fee on the part that did not fill.

Which assets can I trade with limit orders?

Supported assets are listed in the picker. In limit mode the picker only shows assets NEAR Intents accepts for limit orders, so if you can select it, you can place an order with it. Native Bitcoin is supported: you send BTC on the Bitcoin network from your own wallet.

Chart pages exist today for BTC, ETH, SOL, XRP, DOGE, LTC, NEAR, ARB, BNB, AVAX, TON, TRX, SUI, APT, ADA, XMR and ZEC, each quoted against USDC.

The candles on those pages are Hyperliquid perpetual prices, shown as a reference. They are the same market data behind the Hyperliquid perps terminal on LeoDex. Your order executes on NEAR Intents, so the fill can differ slightly from the chart. The Market reference price is the exchange mid, not the swap quote with fees taken out.

How do I place a limit order on LeoDex?

Using the BTC chart page as the example:

1. Open the chart. Go to leodex.io/trade/near/BTC. On the home page swap card you can also choose Limit and tap Chart.
2. Pick the side. Choose Buy or Sell, then Limit.
3. Set the price. Enter your USDC price for 1 BTC in Price. The chart draws your price next to the market.
4. Set the size. Enter the amount in Size. LeoDex shows the least USDC you will receive on a sell, or the most you will pay on a buy.
5. Check the expiry. The default is 1 day. Tap it to pick another.
6. Place it. With a wallet connected, tap Place sell limit or Place buy limit, check the review screen, tap Place limit order and confirm the deposit in your wallet.
7. Or go walletless. Tap Deposit manually, enter the Destination where the proceeds should arrive and a Refund address, then tap Create order. Send exactly the amount shown to the deposit address, using the QR code if you like. If a memo is shown, include it.
8. Track it. The order appears under Open orders with its status and fills. Past orders move to Order history.

Limit order or market swap: which should I use?

Use a market swap when you want the trade done now. It fills at the quoted rate, and LeoDex compares routes across protocols to find it.

Use a limit order when you have a price in mind and can wait. You fix the price, NEAR Intents does the watching, and if the market never gets there you get your deposit back.

A limit order costs a little more than a market swap because NEAR Intents adds its own order fee, so the choice is mostly about price and time. One thing to avoid: a sell limit below the market price, or a buy limit above it, fills right away at a worse price than a market swap would give you. LeoDex warns you when your price is on that side of the market and offers to swap now instead.

Troubleshooting

• The order still says "Waiting for deposit". Your deposit has not credited yet. Bitcoin needs 2 confirmations and Litecoin 6, and LeoDex shows the estimate while you wait. Check that you sent exactly the amount shown, and the memo if there was one.
• The order is open but nothing has filled. The market has not reached your price yet. LeoDex flags a price that is far from the market as one that may never fill. The chart is a reference, so a line touching your price does not guarantee a fill on NEAR Intents.
• "Open your private order link to manage this order from here." This browser does not hold the order's key. Open the private order link you saved when you placed it, or use the browser you ordered in. Without either, the order still fills or expires and refunds on its own.
• You canceled but the refund has not arrived. The refund is an onchain transaction and lands after the next block. On Bitcoin, allow 10 to 30 minutes.
• The button says "Not available for this asset". NEAR Intents does not accept that asset for limit orders. Pick one from the list in the asset picker.
• "Limit orders are paused right now." Try again in a few minutes. Orders you already placed stay with NEAR Intents and still fill or expire on their own.