What is the difference between a market order and a limit order on 1inch for trading digital assets?

3 answers

• Nov 29, 2021 · 3 years ago
  A market order is an order to buy or sell a digital asset at the best available price in the market. It is executed immediately and guarantees that the trade will be filled, but the exact price 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 digital asset. The trade will only be executed if the market price reaches your specified limit price. While a market order provides instant execution, a limit order gives you more control over the price you pay or receive. However, there is a risk that your limit order may not be filled if the market price does not reach your specified limit. It's important to consider your trading goals and the current market conditions when deciding between market and limit orders on 1inch.
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• Nov 29, 2021 · 3 years ago
  When you place a market order on 1inch, you are essentially telling the platform to buy or sell the digital asset at the best available price in the market. This means that your order will be executed immediately, but the exact price at which the trade is executed may differ slightly from the current market price. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell the digital asset. The trade will only be executed if the market price reaches your specified limit price. This gives you more control over the price you pay or receive, but there is a possibility that your order may not be filled if the market price does not reach your limit. It's important to understand the differences between market and limit orders and consider your trading strategy before placing an order on 1inch.
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• Nov 29, 2021 · 3 years ago
  As an expert in the field, I can tell you that a market order on 1inch is a type of order where you buy or sell a digital asset at the best available price in the market. It's like going to a store and buying a product at the listed price. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell a digital asset. It's like negotiating the price of a product with the seller. The advantage of a market order is that it guarantees immediate execution, but the disadvantage is that the price may not be exactly what you expected. With a limit order, you have more control over the price, but there is a risk that your order may not be filled if the market price does not reach your specified limit. It's important to consider your trading goals and the current market conditions when choosing between market and limit orders on 1inch.
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