#OrderTypes101 Mastering the Basics of Crypto Orders

Understanding different order types is essential for any crypto trader. Whether you’re a beginner or seasoned investor, knowing how to use the right order can protect your profits and manage your risks. Welcome to #OrderTypes101, where we break down the most common types of crypto orders on platforms like Binance.

1. Market Order

A market order executes immediately at the current market price. It’s ideal when speed matters more than precision. Use this when you need to enter or exit a trade quickly.

2. Limit Order

A limit order lets you set the price you want to buy or sell at. The order executes only when the market hits your set price. It’s perfect for those who want more control over entry and exit points.

3. Stop-Limit Order

This advanced order combines a stop price and a limit price. Once the stop price is triggered, a limit order is placed. It’s useful for protecting against losses or locking in gains.

4. OCO (One Cancels the Other)

OCO allows you to place two orders simultaneously. If one executes, the other is canceled. This is ideal for managing volatile markets.

Knowing your order types can make a big difference. Trade smarter, not harder—only on Binance.