Transparent, non-custodial, yours

Limit orders on a DEX: what the fine print really says

On-chain limit orders need either custody of your funds or a standing allowance. What that means, and what a non-custodial price alert does instead.

Custodial escrow Fills unattended; the protocol holds your funds
Signed intent + allowance Fills unattended; a keeper holds a spending permission
Alert + manual signature Never fills unattended; no permission is granted

FBT Swap

What you should know

On a centralised exchange a limit order is trivial: the exchange holds your money, so it can fill you at 03:00 while you sleep. On-chain the same feature needs a mechanism, and every mechanism has a cost someone must accept.

Understanding which mechanism a given app uses tells you exactly what you are handing over.

The three ways a DEX limit order can work

Custodial escrow: you deposit into the protocol and it trades on your behalf. Signed intent with an allowance: you pre-sign an order and grant a spending allowance that a keeper uses when your price is hit. Alert plus manual signature: the condition is watched and you sign the swap yourself when it triggers.

The first two can fill without you present. Both require giving something up — custody in the first case, a standing allowance in the second.

What the allowance model really grants

A signed order with an open allowance means a third-party keeper can move that token from your wallet when its conditions are satisfied. The conditions are enforced by a contract, which is real protection, but the permission exists continuously and is only as sound as that contract.

This is a reasonable design and it is not custody-free in the sense people usually assume. It is worth knowing which one you agreed to.

What FBT Swap does instead

FBT Swap records the condition — a target price, a trailing stop, a take-profit with a stop-loss, a ladder — and watches it. When it triggers you get a notification where delivery is available, and you review the live quote and sign the swap yourself.

The honest consequence is stated on the screen: nothing fills while you are asleep. In exchange, no contract holds a permission over your balance and no keeper can move anything.

Choosing between them

If unattended execution matters more than a standing permission, use a protocol built for it and read what the allowance covers. If you would rather nothing can move without your signature, an alert-plus-sign flow is the design that matches.

What you should not do is assume a "non-custodial limit order" fills without any permission at all. Something has to be able to act, and that something was authorised by you.

At a glance

At a glance

Custodial escrow

Fills unattended; the protocol holds your funds

Signed intent + allowance

Fills unattended; a keeper holds a spending permission

Alert + manual signature

Never fills unattended; no permission is granted

FBT Swap

Alert and manual signature — by design, and stated on screen

FAQ

Frequently asked questions

Clear answers before you decide.

Will FBT Swap execute my order while the app is closed?

No. It watches the condition and can notify you when notifications are enabled and reachable. Execution requires you to review the live quote and sign in your own wallet.

Is a signed-intent limit order unsafe?

Not inherently. It is a different trade: the contract enforces your price, and in exchange a keeper holds a permission over that token. Safe depends on the contract and on whether you intended to grant it.

What happens if the price passes my target while I am away?

The condition is recorded as met and the alert is sent where delivery is possible. The swap itself still waits for you, and the price may have moved again by then — which is the honest cost of this design.

Risk notice

Crypto assets are volatile and on-chain transactions cannot be reversed. You can lose money, including all of it. Nothing here is financial advice.