A Market Order refers to a trade in which digital currencies are bought or sold at the current market price. Market Orders typically have a high execution speed as they quickly execute by purchasing or selling at the best available price in the market.
Here are the key features of Market Orders:
1. Instant Execution: Market Orders are executed immediately, directly buying or selling at the best market price. This ensures that user transactions are completed swiftly.
2. Price Uncertainty: Because Market Orders execute at the actual market price, you cannot determine the final execution price after placing the order.
3. Versatility: Market Orders are suitable for traders who want to complete transactions immediately and do not concern themselves with specific prices. They are commonly used in high-liquidity cryptocurrency markets, where orders typically get executed quickly.
Disclaimer:
Cryptocurrencies have significant growth potential but are still subject to extremely high market risks and volatility. We strongly recommend that users conduct their research. BITOY is not responsible for any asset losses resulting from user-initiated investments or trading activities.
BITOY Team
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