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. Log in to bitcastle and tap the three horizontal lines in the top right corner of the screen.
2. Tap "Spot," then tap "Spot Trading."
3. By default, the currency pair will be displayed as "BTC/USDT." If you wish to select another currency pair, click here and choose the desired pair from either the Major Board or the Innovation Board.
4. After reviewing the order book, select either "Buy" or "Sell" based on your preference:
Clicking "Buy" will allow you to use USDT to purchase BTC.
Clicking "Sell" will allow you to use BTC to sell for USDT.
5. From the dropdown menu, select "Limit."
6. Enter your desired price in the "Price" field.
7. Enter the quantity in the "Amount" field.
8. The "Total" field will display the total amount based on the quantity entered. Note: Please ensure the quantity does not exceed your available balance.
9. Click "Buy" or "Sell" to complete the order.
10. Your limit order is now complete.
For Market Orders:
Market orders can be used when you want to trade without specifying a price. Since market orders do not set a price, please note that your order may be executed at an unintended price.
1. Log in to bitcastle and tap the three horizontal lines in the top right corner of the screen.
2. Tap "Spot," then tap "Spot Trading."
3. By default, the currency pair will be displayed as "BTC/USDT." If you wish to select another currency pair, click here and choose the desired pair from either the Major Board or the Innovation Board.
4. After reviewing the order book, select either "Buy" or "Sell" based on your preference:
Clicking "Buy" will allow you to use USDT to purchase BTC.
Clicking "Sell" will allow you to use BTC to sell for USDT.
5. Select "Market" from the order type options.
6. Enter the quantity in the "Total" field. Here, you can place an order based on the desired quantity or amount:
7. If you wish to place an order by entering USDT, simply enter the desired amount within the balance shown under "Avail."
8. If you wish to place an order by entering BTC, click the "▼" mark next to "Total" and select "Amount (BTC)." Read the notes carefully and click "Save." Note: When placing an order with BTC, review the order book and estimate how much can be converted with your current budget. Enter the desired price accordingly.
9. Click "Buy" or "Sell" to complete your order.
10. Your market order is now complete.
If you have further inquiries, please don't hesitate to contact our Support Team via "Contact Us" function.