On the Binance platform, a "Market Order" is a type of trading order where you buy or sell the currency immediately at the best available price in the market at that moment.
🔹 How does it work?
If you place a market buy order → the platform buys directly from the existing offers in the Order Book at the lowest available selling price.
If you place a market sell order → the platform sells directly to the buyers at the highest available buying price.
🔹 Its advantages:
Immediate execution.
Suitable if your goal is speed rather than precise price.
🔹 Its disadvantages:
You do not control the price; you may pay or sell at a lower/higher price than you want if the market is moving quickly or liquidity is low.
📌 Quick example:
You want to buy BTC now.
The cheapest current offer price is $60,000.
When executing the market order, it will be purchased directly at this price or the closest available price until the quantity you requested is completed.
If you want, I can also clarify the difference between a market order and a limit order for you.
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