What the diffirence between Market and Limit order?

What is a market order?

A market order is executed at the current market price as quickly as possible when a user places the order.

When placing a market order, you can select [Amount] or [Total] to buy or sell.

For example, [Amount] is recommended when you want to buy or sell BTC with a certain quantity. However, if you wish to buy BTC with a certain amount of funds, such as 1000 USDT, placing a market order with [Total] is a better option.

In general, you can use both functions to place your buy and sell orders. However, when you place the order after the system calculates the amount you can get, the asset price might have changed significantly, and the assets you will receive might be slightly different than the calculated amount before the order is placed. Under some circumstances, the order would fail. This often occurs when the buy/sell ratio is close to or equal to 100%.

 

What is a limit order?

A limit order is an order you place on the order book with a specific limit price. It will only be executed if the market price reaches your limit price (or better). You may use limit orders to buy an asset at a lower price or sell at a higher price than the current market price.

 

• Related Articles

• Why my order isn't executed?

  Order execution depends on many factors as: coin popularity, price, market, etc. Please take note that P2B does not accept, control, or interfere with the trading process. Please wait until another user accepts your order. Otherwise, you can cancel ...

• How do I cancel my order?

  You can do it on the Trade page (My Orders) or in the Orders tab. Please note that you can cancel only non-accepted orders. Once an order is executed, it cannot be canceled.

• How do I increase my limit?

  The basic limit for withdrawal is 1000$ per day. You can increase your withdrawal limits by KYC verification.

• I placed a buy order for 100 coins, but only 20 coins were credited to me.

  This was partial acceptance of your order. Please wait until the rest of your coins are accepted.

• How to Trade on P2B?

  1) Deposit your currency 2) Transfer your coins/tokens from the main to the trade account. You can do it on [Balance] page. 3) After that, your funds will be available for trading. 4) You can choose Limit and Market order. Limit order - A limit order ...