🔰Available Order Types in Binance Spot 🔰

📌 1. Market Order

🔹 What is it?

It is the fastest and simplest order. It is executed immediately at the best available price in the market.

🔹 When to use it?

➡️ When you need to buy or sell quickly.

➡️ If you don't care about the exact price and just want to enter or exit the market.

🔹 Example:

Imagine that BTC is at $45,000, and you want to buy 1 BTC.

If you use a market order, Binance will automatically take the cheapest available offers and execute the purchase immediately.

📌 2. Limit Order

🔹 What is it?

It is an order where you set a specific price to buy or sell. It is executed only when the market price reaches your target.

🔹 When to use it?

➡️ If you want to buy at a lower price or sell at a higher price.

➡️ When you are not in a hurry and prefer to wait for a better price in the medium or long term.

🔹 Example:

The current price of BTC is $45,000, but you want to buy it at $43,000.

✅ You set a limit buy order at $43,000.

✅ The order will be executed only if BTC drops to that price.

❌ If BTC never drops to $43,000, the order will not be executed.

📍 The order will remain until that price is reached or until you cancel it.

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