What is the significance of market orders in the context of cryptocurrency trading?

1 answers

• May 15, 2022 · 3 years ago
  At BYDFi, we understand the significance of market orders in cryptocurrency trading. Market orders allow traders to enter or exit positions quickly, ensuring that they don't miss out on potential opportunities. When you place a market order, our platform matches your order with the best available price in the market, ensuring fast execution. However, it's important to note that market orders can be subject to slippage, especially during periods of high volatility. Traders should always be aware of the potential risks and carefully consider their trading strategies when using market orders.
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