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Understanding Order Types on Digital Surge

How each order type works and when to use them

Josh Lehman avatar
Written by Josh Lehman
Updated yesterday

Digital Surge offers a range of order types to help you trade efficiently and with confidence. This guide explains how each option works so you can choose the one that best suits your trading style or strategy.


Instant orders

Instant orders let you buy or sell cryptocurrency immediately at the current market price. This is the fastest and simplest way to trade.

Key features

  • Maximum order size: up to $100,000 AUD per transaction (depending on the asset)

  • Unlimited usage: place as many instant orders as you like

Benefits

  • Fast execution: your order is filled instantly

  • Easy to use: ideal for beginners and quick decisions

How they work

Digital Surge uses smart order routing to source the best available price across multiple liquidity providers. This means you don’t need to compare exchanges manually—your order is routed automatically for the best outcome at the time of execution.


Trigger orders

Trigger orders allow you to choose the exact price at which you want to buy or sell an asset. When the market price reaches your trigger, the system automatically places a market order for you.

Key features

  • Funds are not locked: your AUD or crypto remains available until the trigger activates

  • Multiple strategies: set several buy or sell triggers at once

  • Execution depends on available funds: if your balance is insufficient when the trigger is hit, the order will not fill

Benefits

  • Automated execution: ideal for taking profits, limiting losses or entering the market at a preferred price

  • Email notifications: you’ll be notified when your order executes

How they work

  • When the asset reaches your trigger price, Digital Surge places a market order through its smart routing system

  • The final price may vary slightly due to market volatility and liquidity

Example

  • BTC price: $60,000 AUD

  • Your balance: $55,000 AUD and 0 BTC

You set:

  • A buy trigger for 1 BTC at $55,000

  • A sell trigger for 1 BTC at $65,000

If the price drops to $55,000 and later rises to $65,000, both trades execute automatically—no manual action required.

Important notes

  • You can create multiple trigger orders without locking any funds

  • Fees apply only to successful trades, not untriggered or unfilled orders


Recurring buys

Recurring buys (also known as Dollar Cost Averaging or DCA) let you automatically purchase cryptocurrency at regular intervals.

Key features

  • Choose the asset, amount and frequency

  • Orders run automatically at your scheduled time

Benefits

  • Reduces timing risk: spreads purchases over time

  • Hands-off investing: build your portfolio consistently with automated orders

How they work

  1. Set your preferred crypto, purchase amount and schedule

  2. Ensure you have sufficient AUD in your account before each recurring buy

Tip:
Set up a recurring bank deposit 24 to 48 hours before your scheduled buy to ensure your AUD balance is topped up in time.


Need more help?

If you have any questions, please don’t hesitate to contact our support team.

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