Why are the fees different for the same trade when using a limit order versus a market order?
Market orders are always charged taker fees. A limit order is also treated as a taker order if it immediately matches existing orders on the book.
Key takeaway: Don’t switch a stop-loss order to a limit order just to save on fees. In a volatile market, the cost of not getting filled could be much higher.
For comparison, the order book shows: $BTC is quoted at 80878.91, up 1.02% over 24 hours.
Understanding how this works can help you avoid costly mistakes, but it can’t replace risk management.
#BTC
Market orders are always charged taker fees. A limit order is also treated as a taker order if it immediately matches existing orders on the book.
Key takeaway: Don’t switch a stop-loss order to a limit order just to save on fees. In a volatile market, the cost of not getting filled could be much higher.
For comparison, the order book shows: $BTC is quoted at 80878.91, up 1.02% over 24 hours.
Understanding how this works can help you avoid costly mistakes, but it can’t replace risk management.
#BTC