What is the difference between a price limit order and a market order in cryptocurrency trading?

1 answers

• Jim RensApr 22, 2024 · 2 years ago
  Price limit orders and market orders are two different ways to buy or sell cryptocurrencies. With a price limit order, you set a specific price at which you want to buy or sell a cryptocurrency. The order will only be executed if the market price reaches or exceeds your specified limit. On the other hand, a market order is executed immediately at the best available price in the market. The advantage of a price limit order is that you have more control over the execution price. However, there is a risk that the order may not be filled if the market price does not reach your limit. Market orders, on the other hand, guarantee immediate execution but do not guarantee a specific price. It's important to consider your trading strategy and the current market conditions when deciding between these two types of orders.
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