#OrderTypes101 Placing an order on Binance, one of the world’s largest cryptocurrency exchanges, is a straightforward process once you understand the basic order types. First, you need to create an account, complete verification, and deposit funds—either crypto or fiat.

To place an order, go to the “Trade” section and select either the “Classic” or “Advanced” view. Choose your trading pair (e.g., BTC/USDT), and you’ll see a trading interface. Binance offers several types of orders: *Market, Limit, and Stop-Limit*.

A *Market Order* buys or sells immediately at the current market price—ideal for quick trades. A *Limit Order* allows you to set the price at which you want to buy or sell, but it will only execute when the market reaches that price. A *Stop-Limit Order* triggers a buy or sell once the price hits a certain level, offering more control during volatile market moves.

After selecting the order type and inputting the amount, confirm the order. You can monitor it under the “Open Orders” tab. Once filled, the assets appear in your wallet.

Using Binance’s tools like charts, indicators, and order books can help you make better decisions. Mastering order placement is essential for efficient, safe, and profitable crypto trading.