#OrderTypes101 Market orders are the simplest type of crypto order. When you place a market order, you are telling the exchange to buy or sell your cryptocurrency at the best available price. Market orders are executed immediately, so you don't have to worry about waiting for your order to be filled. However, market orders also offer the least control over the execution price. If the market is moving quickly, your order may be executed at a price that is different from what you expected.

Limit orders allow you to specify the price at which you want to buy or sell your cryptocurrency. Your order will only be executed if the market price reaches your specified price or better. Limit orders are a good option for traders who want to buy or sell at a specific price point. For example, if you believe that Bitcoin is going to retrace to $20,000, you could place a limit order to buy Bitcoin at $20,000 or better.