Can you explain the concept of limit orders and market orders in the context of digital assets?

1 answers

• Dec 15, 2021 · 3 years ago
  Limit orders and market orders are two different ways to buy or sell digital assets. A limit order allows you to set a specific price at which you want to buy or sell, and your order will only be executed if the market reaches that price. This gives you more control over the execution price, but there is a chance that your order may not be filled if the market doesn't reach your specified price. On the other hand, a market order allows you to buy or sell at the best available price in the market. This guarantees that your order will be executed, but the price at which it is filled may not be the best price. Limit orders are often used when you have a specific price target in mind, while market orders are used when you want to execute your order quickly and are less concerned about the execution price. It's important to understand the risks and benefits of each type of order before deciding which one to use.
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