Other articles
- How to start trading at SpectroCoin Exchange?
- What is the difference between different Order types?
- What are the trading fees and limits on SpectroCoin Exchange?
- How to deposit cryptocurrencies to your SpectroCoin Exchange account?
- How to withdraw cryptocurrencies from your SpectroCoin Exchange account?
- What are SpectroCoin Exchange vouchers?
- What is withdrawal address whitelisting?
What is the difference between different Order types?
Quick Answer
At SpectroCoin Exchange, you can choose between Market and Limit order types. A Limit order is set by you and settled at a desired price, while a Market order goes out for the current market price. An order can be filled with one or more trades.
A trading order is a specific amount of crypto assets offered for buying or selling at a specific price. At SpectroCoin Exchange, clients can choose between two order types – Market and Limit – that provide different advantages.
What is a Limit order?
Limit orders allow users to specify the price at which they would like to buy or sell a specific amount of cryptocurrency. The order is executed at the point when the market price reaches the limit set up by the user.
To place a Limit order, follow these steps:
- Select a trading pair on the left-hand side of the trading view screen.
- Click ‘Orders → Limit Order’.
- Enter your preferred buying or selling price.
- Specify the amount of digital assets you are looking to trade.
- Click ‘Buy’ or ‘Sell’.
Your Limit order has been created!
What is a Market order?
A market order is the type of order that is executed at the current market price.
To place a Market order, follow these steps:
- Select a trading pair on the left-hand side of the trading view screen.
- Click ‘Orders → Market Order’.
- Specify the amount of digital assets you are looking to trade.
- Click ‘Buy’ or ‘Sell’.
Your Market order has been created! In most cases, it will be filled instantly.
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