Day 6 of 100 – What is Market Order vs Limit Order?

Welcome back, crypto learners!

Let’s talk about two buttons you’ll see A LOT on Binance:

1. Market Order – Fast and Simple

Think of this like buying fruit from a shop. You don’t ask for a cheaper price—you just pay whatever it costs right now and walk away with your bananas (or Bitcoin!).

Use it when: You want to buy/sell immediately.

Pro: Fast!

Con: You might pay a bit more or sell for a bit less.

2. Limit Order – Smart and Patient

Now imagine you're at a fruit auction. You say, “I’ll only buy bananas if they drop to $1.” That’s a limit order—you set the price, and wait.

Use it when: You want a better price and don’t mind waiting.

Pro: More control.

Con: It might not happen right away—or at all.

Example:

BTC is $84,000 now.

With a market order, you buy BTC at $84,000.

With a limit order, you can say, “Buy at $83,000.” Binance will only buy if the price drops there.

Pro Tip:

If you’re new and just want to get in or out quickly, start with Market Order.

If you're starting to plan your trades and want control, try Limit Orders.

Tomorrow, we’ll talk about how to read a price chart—the fun begins!

#100DaysOfBinance #CryptoForBeginners #BinanceLearning #Day6