#OrderTypes101 In trading and on cryptocurrency exchanges, there are several types of orders that allow traders and investors to manage the buying and selling of assets depending on market conditions. Here are the main types of orders:

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📌 1. Market Order

• Description: Buying or selling an asset at the current market price.

• Pros: Quick execution.

• Cons: Price may be unfavorable during high volatility (slippage).

✅ Example: you want to buy ETH immediately — the exchange will buy it at the nearest available price.

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📌 2. Limit Order

• Description: An order to buy/sell an asset at a specific price or better.

• Pros: You can set an exact price.

• Cons: The order may not be executed if the market does not reach the specified price.

✅ Example: you want to buy ETH at $3,500 — the limit order will trigger when the price reaches $3,500 or lower.