🔥 Crypto Basics: The Essentials of Limit and Market Orders
The thinner the order book and the larger your order, the more pronounced the slippage on a market order tends to be. This discrepancy is generally much smaller for actively traded major pairs.
Before placing an order, double-check the price, quantity, and buy/sell direction. Accidentally adding an extra zero or selecting the wrong direction is not uncommon.
The coin mentioned in this post: $BTC , quoted at 68678.98, 24h -6.78%.
If you understand, comment 1. If you still have questions, leave a comment and ask.
#BTC
Just a few notes, not trading advice.
The thinner the order book and the larger your order, the more pronounced the slippage on a market order tends to be. This discrepancy is generally much smaller for actively traded major pairs.
Before placing an order, double-check the price, quantity, and buy/sell direction. Accidentally adding an extra zero or selecting the wrong direction is not uncommon.
The coin mentioned in this post: $BTC , quoted at 68678.98, 24h -6.78%.
If you understand, comment 1. If you still have questions, leave a comment and ask.
#BTC
Just a few notes, not trading advice.