This article explains the different types of cryptocurrency orders available on bitcastle.
💡 Important Notice
bitcastle does not provide investment advice, price predictions, or market analysis for individual investments.
Please review the information below and make trading decisions at your own discretion and responsibility.
✅ Limit Order
A Limit Order allows you to specify both the price and quantity at which you wish to trade.
A sell limit order is executed at the specified price or higher
A buy limit order is executed at the specified price or lower
Limit orders are displayed in the order book and are executed when they are matched with orders from other traders.
✅ Market Order
A Market Order allows you to execute a trade immediately at the current market price.
You only need to specify the quantity, and the order will be filled automatically at the best available price in the market.
This order type is suitable when speed is important or when trading in a highly liquid market.
✅ Stop Limit Order
A Stop Limit Order is an order that is automatically placed at a specified limit price and quantity once the market reaches a predefined stop price.
The stop price acts as a trigger that activates the limit order.
✅ Stop Market Order
A Stop Market Order is an order that automatically places a market order for a specified quantity once the market reaches a predefined stop price.
When the stop price is reached, the order is executed immediately at the current market price.
🔍 Choosing the Right Order Type
Each order type has different characteristics and advantages.
Please choose the order type that best suits your trading objectives and strategy.
If you have further inquiries, please don't hesitate to contact our Support Team via "Contact Us" function.
Types of Orders
