What is the difference between a market order and a stop-limit order when buying cryptocurrencies?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we believe that both market orders and stop-limit orders have their place in cryptocurrency trading. Market orders are great for when you want to buy or sell quickly, especially in a fast-moving market. Stop-limit orders, on the other hand, are useful when you want to set a specific entry or exit point and have more control over the execution price. It's important to understand the risks and benefits of each type of order and choose the one that aligns with your trading strategy and risk tolerance.
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