Chat with us, powered by LiveChat

What is a Market Order?

let’s first place layout for Market definition.    Metaphorically, market is a huge cup, filled with deals on a cryptocurrency exchange with different trade rate. Market order task scans this cup for the cheapest cryptocurrency bid, with a purpose to purchase coins at the lowest rate in a market cup.    To better understand what is a market order, let’s say we have five deals in the market cup. Each one consists of ETH coin, set out for sale at a rate of 123, 125, 124.5, 122 and 121$. Market Order grabs the cheapest coin out of a cup, in this case, it would be 121 per ETH coin. There are two types of market order — trailing and classical, which means you can adjust the expected price of the coin.

Was this helpful?

Thanks for the positive review

Still have a question?