# Limit Order to Buy a Team Token

**Attention! All described rules for creating orders are applicable to both STEMX and SXUSD orders.**&#x20;

There are two [types](https://stemx.gitbook.io/stem-exchange-user-manual/glossary) of orders on the exchange - limit and market.&#x20;

Let's create a limit order to buy ARS tokens with STEMX.&#x20;

In the order creation form, select the direction - "Buy", and the order type - "Limit".&#x20;

We enter a price above which we are not ready to buy ARS tokens.&#x20;

Next, we can enter either the number of tokens that we are ready to buy, or the amount of STEMX for which we are ready to buy ARS tokens - in both cases, the system will calculate the second parameter on its own.&#x20;

Let's assume that at the current market rate of 29070.23 STEMX per unit of ARS, we are ready to buy for 29000 STEMX and no more than this price. For our example, we will enter the amount in STEMX - 200 STEMX, and the system will calculate the amount of ARS.

<div align="left"><figure><img src="https://4078324111-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F371dzyCXxTmRP3k38spo%2Fuploads%2FeK2xWXuUzZQjdEn3FZDJ%2F%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202022-11-09%20%D0%B2%2018.44.23.png?alt=media&#x26;token=38a6c2e1-6a66-4b64-aa52-4616bc07a94c" alt=""><figcaption></figcaption></figure></div>

By clicking on “Buy ARS” we confirm the creation of a buy order. Money in the amount specified in the order is debited from the trading account.&#x20;

You will receive a notification about the creation of an order and about the balance of the currency account in STEMX.

<figure><img src="https://4078324111-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F371dzyCXxTmRP3k38spo%2Fuploads%2FxmVHHxkOzoSp3lxIWQvi%2F%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202022-11-09%20%D0%B2%2018.44.41.png?alt=media&#x26;token=4ffeffc8-c42f-4236-9a15-f567ee1a3e8d" alt=""><figcaption></figcaption></figure>

The order will appear in the “Open Orders” section below on the same ARS token page. Open orders can be [cancelled.](https://stemx.gitbook.io/stem-exchange-user-manual/how-to-cancel-an-order)

<figure><img src="https://4078324111-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F371dzyCXxTmRP3k38spo%2Fuploads%2FVc20GFRkMoDJtf6PoL9Q%2F%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202022-11-09%20%D0%B2%2018.44.53.png?alt=media&#x26;token=0f2c2bd3-27c5-4a8f-98d3-a821bbc3da6c" alt=""><figcaption></figcaption></figure>

As soon as the order is executed, it will be transferred from the “Open Orders” list to the “Executed orders” list of the same block. You can view your executed orders by clicking on the list name.&#x20;

When the order is executed, your ARS wallet will receive tokens according to the volume of the order. A corresponding notification about the execution and the balance of the ARS wallet will appear in the upper left corner of the screen.

&#x20;In the following articles, we will look at creating orders to [sell tokens](https://stemx.gitbook.io/stem-exchange-user-manual/how-to-sell-a-team-token) and [canceling](https://stemx.gitbook.io/stem-exchange-user-manual/how-to-cancel-an-order) orders.
