What sets apart market orders and limit orders on Binance?

7 answers

• s0ra_junky4rdFeb 14, 2025 · 5 months ago
  Market orders and limit orders are two different types of orders that you can place on Binance. A market order is an order to buy or sell a cryptocurrency at the current market price. It is executed immediately and guarantees that your order will be filled, but the exact price at which the order is executed may vary. On the other hand, a limit order is an order to buy or sell a cryptocurrency at a specific price or better. It allows you to set the price at which you want to buy or sell, but there is no guarantee that your order will be filled immediately. The advantage of a limit order is that you have more control over the price at which your order is executed, but there is a risk that the market may not reach your desired price and your order may not be filled.
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• softwearSep 18, 2020 · 5 years ago
  Market orders and limit orders are two different ways to trade cryptocurrencies on Binance. A market order is like going to a store and buying something at the current price. You don't have to worry about setting a specific price, but you may end up paying more or less than you expected. A limit order, on the other hand, is like placing a bid or asking price for a cryptocurrency. You set the price you are willing to buy or sell at, and if the market reaches that price, your order will be executed. The advantage of a limit order is that you have more control over the price, but there is a chance that your order may not be filled if the market doesn't reach your desired price.
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• Mohit DagarAug 12, 2022 · 3 years ago
  Market orders and limit orders are two different types of orders you can place on Binance. Market orders are executed immediately at the best available price in the market. They are great for traders who want to buy or sell quickly without worrying about the price. On the other hand, limit orders allow you to set a specific price at which you want to buy or sell. They are not executed immediately and may take some time to be filled. Limit orders are useful for traders who want to buy or sell at a specific price or better. However, there is a risk that the market may not reach your desired price and your order may not be filled.
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• Ronen SolomonMay 08, 2022 · 3 years ago
  Market orders and limit orders are two different ways to place trades on Binance. A market order is like buying or selling at the current market price, while a limit order is like setting a specific price at which you want to buy or sell. Market orders are executed immediately, but the price at which the order is executed may vary. Limit orders, on the other hand, are not executed immediately and may take some time to be filled. The advantage of a market order is that it guarantees that your order will be filled, but the disadvantage is that you may not get the exact price you wanted. With a limit order, you have more control over the price, but there is a risk that your order may not be filled if the market doesn't reach your desired price.
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• Awes KhanJul 18, 2021 · 4 years ago
  Market orders and limit orders are two different order types available on Binance. A market order is used when you want to buy or sell a cryptocurrency at the current market price. It is executed immediately and ensures that your order will be filled, but the price at which the order is executed may differ from the current market price. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell. It is not executed immediately and may take some time to be filled. The advantage of a limit order is that you have more control over the price, but there is a possibility that your order may not be filled if the market doesn't reach your desired price.
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• Ronen SolomonJun 30, 2020 · 5 years ago
  Market orders and limit orders are two different ways to place trades on Binance. A market order is like buying or selling at the current market price, while a limit order is like setting a specific price at which you want to buy or sell. Market orders are executed immediately, but the price at which the order is executed may vary. Limit orders, on the other hand, are not executed immediately and may take some time to be filled. The advantage of a market order is that it guarantees that your order will be filled, but the disadvantage is that you may not get the exact price you wanted. With a limit order, you have more control over the price, but there is a risk that your order may not be filled if the market doesn't reach your desired price.
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• Dhananjana HirushanMar 01, 2023 · 2 years ago
  Market orders and limit orders are two different types of orders you can place on Binance. A market order is like buying or selling at the current market price, while a limit order is like placing a bid or ask at a specific price. Market orders are executed immediately, but the price at which the order is executed may vary. Limit orders, on the other hand, are not executed immediately and may take some time to be filled. The advantage of a market order is that it guarantees that your order will be filled, but the disadvantage is that you may not get the exact price you wanted. With a limit order, you have more control over the price, but there is a risk that your order may not be filled if the market doesn't reach your desired price.
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