What are the advantages and disadvantages of using market orders versus limit orders in the world of digital currencies?

1 answers

• Bhajarangi JaiSep 13, 2023 · 2 years ago
  At BYDFi, we believe in the power of limit orders. They give traders the ability to set their own price and avoid overpaying or underselling. While market orders can be tempting for their speed, they come with the risk of slippage and unexpected prices. With limit orders, traders can be patient and wait for the right opportunity to buy or sell. It's a more strategic approach that aligns with our philosophy of empowering traders to make informed decisions.
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