- Limit Order
A Limit Order is an order placed to buy or sell at a specific limit price. This type of order allows you to execute a trade when the market reaches your specified price.
Example:
If the current market price of Bitcoin (BTC) is 63,000 USDT and you want to buy 1 BTC when the price drops to 60,000 USDT, you can place a Limit Order.
Instructions:
- Select the Limit Order option.
- Enter 60,000 USDT in the Price box and 1 BTC in the Amount box.
- Click the Buy BTC button to place your order.
- Market Order
A Market Order is placed to buy or sell at the best available price in the current market. This type of order is ideal when you want to execute a trade quickly and instantly.
Example:
If the current market price of Bitcoin (BTC) is 63,000 USDT and you want to buy BTC worth 1,500 USDT immediately, you can place a Market Order.
Instructions:
- Select the Market Order option.
- Enter 1,500 USDT in the Amount box.
- Click the Buy BTC button to place your order. The order is usually filled within seconds.
4. Tracking Orders After Placement:
Once placed, your orders can be viewed in the Open Orders section during the trading process. After your orders are fully filled, they move to the Order History and Spot Record sections. This allows you to monitor all your trading activities and review past transactions.
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