In Binance, what separates a market order from a limit order?

Can you explain the difference between a market order and a limit order on Binance?

3 answers
- A market order is an order to buy or sell a cryptocurrency at the best available price in the market. It is executed immediately and guarantees that the order will be filled, but the exact price at which the order is executed 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 cryptocurrency. The order will only be executed if the market reaches your specified price. While a limit order gives you more control over the price, there is a possibility that the order may not be filled if the market does not reach your specified price.
Mar 19, 2022 · 3 years ago
- When you place a market order on Binance, you are essentially telling the exchange to buy or sell a cryptocurrency at the current market price. This means that the order will be executed immediately, but the price at which the order is executed may not be exactly what you see on the screen. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency. The order will only be executed if the market reaches your specified price. This gives you more control over the price, but there is a possibility that the order may not be filled if the market does not reach your specified price.
Mar 19, 2022 · 3 years ago
- In Binance, a market order is an order to buy or sell a cryptocurrency at the best available price in the market. It is executed immediately and guarantees that the order will be filled. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency. The order will only be executed if the market reaches your specified price. Binance offers both market and limit orders to cater to different trading strategies and preferences of its users.
Mar 19, 2022 · 3 years ago
Related Tags
Hot Questions
- 95
What are the advantages of using cryptocurrency for online transactions?
- 94
What are the best practices for reporting cryptocurrency on my taxes?
- 76
Are there any special tax rules for crypto investors?
- 62
What are the best digital currencies to invest in right now?
- 57
What are the tax implications of using cryptocurrency?
- 53
What is the future of blockchain technology?
- 46
How can I minimize my tax liability when dealing with cryptocurrencies?
- 40
How does cryptocurrency affect my tax return?