At bitcastle, we do not provide services for individual investment advice or predictions. Please make your own decision regarding which order method to choose, using the following information as a reference.
Limit Order: A limit order is a method of specifying the price and quantity of the currency you want to trade in advance. A sell limit order is executed when the price reaches or exceeds the specified price, and a buy limit order is executed when the price is at or below the specified price. Limit orders are displayed in the order book and are matched with other traders.
Market Order: A market order is a method of trading immediately at the current market price available for buying and selling. You only need to specify the quantity, and the specified amount will be executed immediately at the best available price in the market. Market orders are useful when you want to execute quickly or when trading in highly liquid markets.
Stop Limit Order: A stop limit order automatically executes a trade based on the specified limit price and quantity when the pre-set stop price is reached. The stop price serves as the trigger for the limit order.
Stop Market Order: A stop market order automatically executes a market order based on the specified quantity when the pre-set stop price is reached. Once the stop price is reached, the market order is triggered and executed at the current market price.
Each of the above order methods has different characteristics and benefits. Please choose the most suitable order method based on your trading strategy and objectives.
Example of a Transaction Using "BTC/USDT":
For Limit Orders: A limit order allows you to specify the price at which you wish to trade. After reviewing the order book, please enter your desired price and quantity.
1. Login to your account and click "Trade"
2. By default, the currency pair "BTC/USDT" is displayed in the upper left corner of the screen. If you wish to select a different currency, click on this section and choose your desired currency pair from the Major Board or the Innovation Board.
3. After reviewing the order book, choose either "Buy" or "Sell" based on your preference.
Clicking "Buy" will allow you to purchase BTC by selling USDT.
Clicking "Sell" will allow you to sell BTC and receive USDT.
4. Select "Limit Order."
5. Enter your desired price in the "Price" field.
6. Enter the quantity in the "Amount" field.
7. The total amount will be displayed in the "Total" field. *You can enter a quantity up to the available balance (your current holdings).
8. Click "Buy" or "Sell" to place your order.
9. This completes your limit order.
For Market Orders: A market order can be used when you wish to trade without specifying a price. Please note that because a market order does not specify a price, there is a possibility that it may be executed at an unintended price.
1. Login to your account and click "Trade"
2. By default, the currency pair "BTC/USDT" is displayed in the upper left corner of the screen. If you wish to select a different currency, click on this section and choose your desired currency pair from the Major Board or the Innovation Board.
3. After reviewing the order book, choose either "Buy" or "Sell" based on your preference.
Clicking "Buy" allows you to sell USDT to purchase BTC.
Clicking "Sell" allows you to sell BTC to receive USDT.
4. Select "Market Order."
5. Enter the quantity in the "Total" field. You can place an order based on either quantity or amount, depending on your preference.
If you want to place an order using USDT: Simply enter your desired quantity within the balance displayed as "Available."
If you want to place an order using BTC: Click the "▼" icon next to the "Total" field. Select "Quantity (BTC)." Read the notes and click "Save." *For orders in BTC, please review the order book and estimate how much quantity you can convert based on your current budget before entering your desired price.
6. Click "Buy" or "Sell" to place your order.
7. This completes your market order.
If you have further inquiries, please don't hesitate to contact our Support Team via "Contact Us" function.