CoinTR offers different order types for you to use in Spot Trading. You can use them to set your trading strategies and trade efficiently. Let’s look at the common order types in CoinTR Spot Trading.
1. Market Order
A market order is executed at the current market price as quickly as possible when you place the order. You can use it to place both buy and sell orders.
2. Limit Order
A limit order is an order that you place on the order book with a specific limit price. It will not be executed immediately like a market order. Instead, the limit order will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or sell at a higher price than the current market price.