What are the differences between limit orders and market orders in the world of cryptocurrency?

1 answers

• Dec 16, 2021 · 3 years ago
  Limit orders and market orders are two different ways to buy or sell cryptocurrencies. A limit order allows traders to set a specific price at which they want to buy or sell a cryptocurrency. The order will only be executed if the market reaches that price. This can be useful for traders who want to enter or exit a trade at a specific price. On the other hand, a market order allows traders to buy or sell a cryptocurrency at the current market price. Market orders are executed immediately, but the price at which the order is executed may not be the exact price the trader expected. Market orders provide convenience and ensure that the order will be filled, but there is a risk of slippage. Traders should consider their trading strategy and risk tolerance when choosing between limit orders and market orders.
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