#OrderTypes101 Understanding Crypto Order Types: Market vs. Limit

When trading crypto, it's important to understand the difference between market and limit orders. A market order executes instantly at the best available price, making it ideal for speed. However, in fast-moving markets, this can lead to slippage — where you pay more (or receive less) than expected.

A limit order, on the other hand, allows you to set the exact price at which you want to buy or sell. The order only executes if the market hits that price, giving you more control — but there’s no guarantee it will be filled.

For example, in a $BTC/USDT trade: a market buy executes right away at the current price, while a limit buy at $104,000 will only go through if Bitcoin's price drops to that level.

Experienced traders use both types strategically, depending on how quickly they want to trade, their risk tolerance, and market conditions.