Executes immediately at the best available price. Guarantees the fill, not the price. Best for highly liquid pairs like BTC/USDT when you need to enter or exit fast and small slippage doesn't matter.
Executes only at your specified price or better. Guarantees the price, not the fill — the order may never trigger if price doesn't reach your level. Best for planned entries and avoiding slippage on larger orders.
A stop order becomes a market or limit order once price hits your trigger level. Used for stop-losses (limiting downside) and stop-entries (buying breakouts above resistance automatically).
Use limit orders for planned entries in calm markets. Use market orders when speed matters more than a few basis points. Always use a stop-loss order to define your maximum risk before you enter any trade.
Read More →