# Limit Order/ Stop Loss
Sphynx Labs gives traders in the DeFi space an extra edge by allowing them to apply Limit and Stop loss orders on all BEP20 and ERC20 tokens through the Sphynx Labs dAPP.
## What is limit order?
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A limit order is **an exchange order that allows traders to purchase or sell a cryptocurrency at a specified price or better**. Investopedia says, "A limit order will only be executed at the limit price, or a lower one; when selling, the order will be executed only at the limit price or a higher one.”
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## **What is the fee of Limit Order/Stop Loss?**
{% hint style="warning" %} **Fees for the BSC: 0.01 BNB or 100 Sphynx BSC tokens**
**Fees for the BRC: 1 Sphynx BRC token**
**Fees for the CRO: 1 CRO or 500 Sphynx CRO tokens**
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Orders expire after 30 days if they are not met.
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Follow the instructions below on how to place limit orders.
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## How could I create the limit order/stop loss?
Stop loss and limit orders are placed within the Sphynx Labs dAPP application at [www.thesphynx.co\ ](http://www.thesphynx.co\ );
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Select tokens you want to sell & buy and the amount. For example, if you want to sell 1WBNB and buy 25000 SPHYNX with it.
The order is executed when 1WBNB can be swapped more than your order amount automatically. And the swapped amount is sent to your wallet. To create an order, you need to approve a limit order contract to send your assets and then create an order.
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For any questions, feel free to join our support or main Telegram channel.
Main Telegram:
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