#OrderTypes101 Market orders are a fundamental tool in cryptocurrency trading. This type of order allows for the immediate buying or selling of a digital asset at the best available price in the market. They are ideal for those who prioritize execution speed over exact price. However, they can result in slippage, especially in markets with low liquidity, which means the final price may differ from what was expected. Although they are easy to use and useful in high volatility situations, traders should exercise caution and consider other options such as limit orders to avoid surprises and better manage their investment strategies.
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