Market Orders

What is a Market Order

A market order is a type of trade order where a trader requests to buy or sell an asset at the best available price in the market at the time the order is placed. Market orders execute immediately and do not have a specific price attached to them. The order is executed at the current market price, which means that the trader has no control over the price they will get. Market orders are used when the trader wants to execute the trade as quickly as possible, regardless of the price. It is the most basic and simplest form of order, and it is executed immediately at the best available price.

How to place a Market Order

Step 1: Connect wallet

Step 2: Select the cryptocurrency or asset you wish to trade, and choose ‘Market Order’ from the order types available

Step 3: Enter the amount of the asset you wish to trade in the amount field

Step 4: Review your order details and confirm the market order to complete the process

Step 5: You may use the slider tool to choose what percentage of your holdings you want to trade

Step 6: Keep in mind that market orders execute immediately at the best available price, so the price you receive may be different from the current market price