What are Limit Order and Market Order
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- Limit Order
Buy or sell a cryptocurrency at a specific price or better. You set the price, and the order executes when the market reaches it.
Example: Take the MCOIN/USDT trading pair. Assuming the current price of MCOIN is 1 USDT, and you wish to sell 100 MCOIN at a price of 5 USDT each. To do this, you can place a limit order.
- Market Order
Buy or sell a cryptocurrency immediately at the current market price. It’s fast but you don’t control the exact price.
Example: Take the MCOIN/USDT trading pair. Assuming the current price of MCOIN is 1 USDT, and you wish to sell 100 MCOIN at same price immediately. To do this, you can place a market order.
