What are Target Price Orders?

Target Buys and Target Sells allow you to set a desired price to automatically buy or sell bitcoin. For information on how to place a Target Price Order, please see this Help Center article. 

For example, say the current market price of bitcoin is $100,000. You can set a Target Buy for $99,000. If the market price drops to $99,000, your buy will automatically execute, and your specified amount of bitcoin will be purchased.

1. How do Target Price Orders work?
2. Can I place multiple Target Price Orders?
3. What are the limits and fees for Target Price Orders?
4. Why did my Target Price Order fail to fulfill?

How do Target Price Orders work?

When you place a Target Buy or Target Sell, the cash or bitcoin associated with that order will be reserved in your River cash balance. These funds will count toward your total account value, but they will be unavailable for other transactions.

If you fund a Target Buy with a linked bank account, those funds will be withdrawn in 1 to 2 business days. The cash will be reserved in your River cash balance until your target price is reached. You will not be able to use these funds while your Target Buy is pending. 

If you fund a Target Buy with your River cash balance, those funds will be reserved until the target price is reached or until you cancel your order. You will not be able to use these funds while your Target Buy is pending.

For any Target Sell, your bitcoin will be reserved until your target price is reached or until you cancel your order. You will not be able to send or sell this bitcoin while your Target Sell is pending.

Your Target Price Order will remain pending until fulfilled or canceled. If you would rather use your reserved funds for a different transaction, you can cancel your Target Price Order and the funds will become available in your River cash balance. For more information on canceling a Target Price Order, please see this Help Center article.

Can I place multiple Target Price Orders?

You can place multiple Target Buys and Target Sells. You are able to view all of your Target Price Orders under "Activity & Orders" on river.com and under "Target price orders" on the homepage of the app. 

What are the limits and fees for Target Price Orders?

The minimum amount for a single Target Price Order is $10 and the maximum amount is $100,000. For more information on River's fees, please see this Help Center article.

Depending on market conditions, detailed below are the limits for each scenario. These limits are based on the target price you set for the buy or sell, rather than the current price of bitcoin. 

You are able to have multiple Target Price Orders pending on your account, but the total cannot exceed $5,000,000 at any given time. The maximum target price you can set for a Target Price Order is $1,000,000.

Fees are calculated at the time of fulfillment and will be deducted from the total amount paid. Target Price Order fees will follow the same fee structure as one-time buy and sell orders. 

Why did my Target Price Order fail to fulfill?

There are a few reasons your Target Price Order may not have fulfilled:

1. Your target price was not reached.
2. Your Target Price Order was canceled by you or a member of River's team.

All Target Price Orders are placed and fulfilled at your own risk. Please view our Terms of Service for additional information.