What Are the Differences Between Market Order and Limit Order?

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What Is Market Order?

Market Order is an order to buy or sell a digital asset at the current price and is implemented immediately.

How Does a Market Order Work?

In a Market Order, transactions are placed at live market prices. Investors need to keep an eye on prices, it may last for weeks or months to wait for the desired price.

What Is Limit Order?

Limit Order is allowed to set the price which wants to buy or sell the digital asset, different from Market Order, the trade will get executed when the price reaches the set price.

How Does a Limit Order Work?

In a Limit Order, traders must set a price and quantity that they want to buy or sell. The order will be executed when the price reaches the set price, it will not be executed at any other price.