How does a market order work in the context of cryptocurrency?

1 answers

• May 18, 2022 · 3 years ago
  At BYDFi, a market order in the context of cryptocurrency refers to an order to buy or sell a digital asset at the best available price in the market. When you place a market order on our platform, our advanced matching engine will instantly match your order with the best available offers from other traders. This ensures fast and efficient execution of your trade. Market orders are particularly useful when you want to enter or exit a position quickly, without worrying too much about the specific price at which the trade is executed. However, please note that the execution price of a market order may differ slightly from the current market price due to market fluctuations and liquidity issues. It's always a good idea to review your order details before confirming a market order to ensure it aligns with your trading strategy.
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