In Binance, what separates a market order from a limit order?

3 answers

• Francis ToftOct 18, 2023 · 2 years ago
  A market order is an order to buy or sell a cryptocurrency at the best available price in the market. It is executed immediately and guarantees that the order will be filled, but the exact price at which the order is executed may vary. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency. The order will only be executed if the market reaches your specified price. While a limit order gives you more control over the price, there is a possibility that the order may not be filled if the market does not reach your specified price.
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• Jorge Alberto Flores CruzOct 10, 2020 · 5 years ago
  When you place a market order on Binance, you are essentially telling the exchange to buy or sell a cryptocurrency at the current market price. This means that the order will be executed immediately, but the price at which the order is executed may not be exactly what you see on the screen. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency. The order will only be executed if the market reaches your specified price. This gives you more control over the price, but there is a possibility that the order may not be filled if the market does not reach your specified price.
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• Panos MitaJul 03, 2020 · 5 years ago
  In Binance, a market order is an order to buy or sell a cryptocurrency at the best available price in the market. It is executed immediately and guarantees that the order will be filled. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency. The order will only be executed if the market reaches your specified price. Binance offers both market and limit orders to cater to different trading strategies and preferences of its users.
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