Is it recommended to use a market order to sell my digital assets?

3 answers

• Dec 16, 2021 · 3 years ago
  Using a market order to sell your digital assets can be a quick and convenient option. With a market order, your assets will be sold at the current market price, ensuring a fast execution. However, it's important to note that market orders can be subject to slippage, especially during periods of high volatility. This means that the actual price at which your assets are sold may differ slightly from the current market price. If you prioritize speed and convenience over price accuracy, a market order can be a suitable choice for selling your digital assets.
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• Dec 16, 2021 · 3 years ago
  Absolutely! Market orders are a popular choice for selling digital assets due to their simplicity and speed. By using a market order, you can quickly sell your assets at the prevailing market price without having to set a specific price limit. This can be especially useful when you want to sell your assets as soon as possible and are not concerned about getting the best possible price. However, keep in mind that market orders may not be ideal during periods of extreme market volatility, as the execution price may deviate significantly from the current market price.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using limit orders instead of market orders when selling your digital assets. While market orders offer speed and convenience, they can also expose you to potential slippage and price volatility. With a limit order, you have more control over the execution price, as you can set a specific price at which you want your assets to be sold. This can help you avoid unexpected price fluctuations and ensure that you get a more accurate price for your assets. However, keep in mind that limit orders may take longer to execute compared to market orders, especially if the market price does not reach your specified limit price.
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