You can trade cryptocurrencies only using Limit or Market orders. Due to Paxos routing requirements, cryptocurrency orders will be submitted in USD or in the cryptocurrency unit (i.e. BTC for Bitcoin). Specific order types/sides can be submitted as follows:
- Limit Buy Orders are sent in BTC
- Limit Sell Orders are sent in BTC
- Market Buy Orders are sent in USD
- Market Sell Orders are sent in BTC (and do not include the estimated USD amount).
All exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens through IBKR trading platforms are provided by Paxos Trust. Learn more.