Market orders are standard crypto trades. It’s a simple command to buy or sell a cryptocurrency at the best available price on that exchange. In practice, that means buying or selling a cryptocurrency at its most recent price. So if the most recentAn exchange’s order book is really just a long, constantly updated list of buyers and sellers. As such, the market price is always being updated and represents the freshest price of a cryptocurrency on that exchange.
When placing an instant order to, say, buy $10,000 worth of bitcoin, the exchange seeks out sellers to fulfill your trade. Your trade might come from multiple sellers; the exchange will keep plugging away at your trade until your trade has been completely matched, with each tranche executed at the current market price of the cryptocurrency.Limit orders let you place an order to buy or sell cryptocurrencies at a certain price.
The downside is these orders are not guaranteed to execute, and may never go through if the cryptocurrency never reaches a certain price specified in the limit order. Yet, as mentioned above, they are often cheaper to execute as the “maker fee” for these trades is lower than the “taker fee.”Stop orders are orders that activate once a specified price, known as a stop price, has been met.