WHAT IS MARKET ORDER #BinanceAlphaAlert

In a Centralized Exchange (CEX), a market order is a type of trade order that executes immediately at the best available current market price.

Key Features of a Market Order:

Speed over price: You're prioritizing quick execution, not a specific price.

No price control: You get the current market rate, which may differ slightly from what you expected, especially in volatile markets.

Used when: You want to buy or sell instantly.

Example:

If you place a market buy order for BTC on a CEX, the exchange will fill your order using the lowest available sell offers on the order book.

If you place a market sell order, the exchange will fill it using the highest available buy offers.

This is different from a limit order, where you set the exact price you're willing to buy or sell at, and the order only executes when the market reaches that price.