For your flexibility we offer the following order types:
Market order
A market order is a type of order to buy or sell an asset (like a cryptocurrency) at the best available price on the market. When you place a market order, you're essentially telling CoinMart to buy or sell the asset immediately, regardless of the price.
The advantage of a market order is that it's fast and easy to execute, and it ensures that your trade is filled as quickly as possible. However, the downside is that you may not get the exact price you were hoping for, especially in fast-moving markets or if there are not enough buyers or sellers at that particular moment.
Limit order
A limit order lets you specify the exact price at which you want to buy or sell a asset, and the trade will only happen if the market reaches that price.
Stop Loss (also Stop Market)
A stop-loss order is a type of trade order that automatically sells your assets, such as cryptocurrencies, when the price drops to a specified level. For example, you can set a stop loss order to sell all of your Crypto A assets if the price drops below 100€. When the price reaches that level, the order becomes a market order and your assets will be sold at the best possible price. However, it's important to note that the actual selling price could be different from the stop loss level you set, especially in fast-moving markets.
Stop Limit order
Stop limit order is a type of order you can place when you want to buy or sell an asset. With a stop limit order, you set two prices: a stop price and a limit price. When the asset price reaches the stop price, the order is triggered and becomes a limit order to buy or sell the asset at or better than the limit price you set. This means that your trade will only be executed at the limit price or better, giving you more control over the price you pay or receive for the asset. For example, if you own Crypto A and set a stop limit order to sell it at 99€ per unit once the price reaches 100€, the sell order will only execute at or above 99€ per unit.
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