2. Market Order
A market order is a type of order that is given by simply specifying the order amount. The best buy or sell price in the order book is determined as the price at which your order will be executed. If there is not enough depth to cover your buy order at the best price, the rest of your order will be executed at the next best price. Market order allows you to trade quickly without wasting time with small price fluctuations. The fields you need to fill in the market order type are as follows.
- Amount: Indicates the number of cryptocurrencies you want to trade.
- Total (approximate): It refers to the total transaction amount calculated approximately according to the amount you have determined and the current price of the cryptocurrency.
3. Stop Order
A stop order is a type of order that allows conditional orders to be entered, which are generally used to make less loss or protect profits.