✨ A market order is an order to buy or sell a cryptocurrency at the current market price.
It is executed immediately at the best available price.
A limit order is an order to buy or sell a cryptocurrency at a specific price or better. It is not executed immediately and will only be executed when the market reaches the specified price.
Market orders are used when you want to buy or sell a cryptocurrency quickly and at the best available price.
Limit orders are used when you want to buy or sell a cryptocurrency at a specific price or better, and are willing to wait for the market to reach that price.
Limit orders give you more control over the price at which you buy or sell a cryptocurrency, but there is a risk that the market may not reach your specified price.
🔔Note: I HAVE USED BINANCE SENSEI THE AI CHATBOT POWERED BY CHATGPT WHICH YOU CAN FIND IN BINANCE ACADEMY TAB (available on the Desktop Browser) TO EXPLAIN TO YOU IN VERY EASY TERMS, THIS IS THE BEST WAY OF INCORPORATING #Web3 AND LEARNING ABOUT BLOCKCHAIN #TECHNOLOGY ESPECIALLY FOR #BEGINNERS I AM REALLY EXCITED ABOUT THIS NEW INNOVATION AND YOU SHOULD TRY IT OUT TOO!
