Which is better for buying or selling cryptocurrencies, a market order or a limit order?

1 answers

• Nov 24, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of market orders and limit orders depending on the situation. Market orders are great for quick trades and when you want to ensure that your order gets filled. However, they may not be ideal in volatile markets where prices can change rapidly. In such cases, limit orders can be useful as they allow you to set a specific price at which you are willing to buy or sell. This can help you avoid buying at a higher price or selling at a lower price than you intended. It's important to consider factors such as market conditions, liquidity, and your own risk tolerance when deciding between market orders and limit orders.
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