A market order is a way of buying or selling crypto immediately at whatever the current price is.
When to Use a Market Order?
- Speed Matters Most: If you need to buy/sell crypto right away and don’t care about getting the absolute best price, a market order gets it done.
- The Market is Moving Fast: In highly volatile markets where prices are changing quickly, market orders guarantee you’ll be able to make your trade.
The Tradeoff
With market orders, you give up control over the price. Your order might get filled at a slightly higher (or lower) price than you were expecting, especially if the market is moving a lot.
The Big Idea: Market orders are about speed and certainty. If getting the trade done immediately is the most important thing, that’s when you use a market order.
