Types of Orders in Cryptocurrency - Types of Orders in Bitcoin PDF
What are the Types of Bitcoin Orders?
- Crypto Market Order
Cryptocurrency Market Order is the most basic type of bitcoin order, bitcoin market order is used to buy or sell at the current bitcoin trading price. This refers to the quoted bitcoin price that appears & is shown on your bitcoin trading software.
Market Order type of cryptocurrency trading order is used for buying or selling according to the present bitcoin trading price quote - the execution of market order is instant. The minute you want to enter a bitcoin position you can buy & sell at a click of a button using a bitcoin market order.
- Buy Limit Bitcoin Order Specifies to buy at a level below the current bitcoin market price
When buying, bitcoin pending buy limit bitcoin order is executed when the bitcoin trading price falls to your limit bitcoin trading price quote zone.
- Sell Limit Bitcoin Order Specifies to sell at a level above the current market bitcoin trading price
When selling, bitcoin pending sell limit bitcoin order is executed when the bitcoin trading price rises to your limit bitcoin trading price quote zone.
- Buy Stop BTCUSD Order Specifies to buy at a level above the current cryptocurrency market price.
When buying, a pending buy stop bitcoin order is executed as the bitcoin market goes up & hits buy stop bitcoin trading price quote zone.
- Sell Stop Bitcoin Order Specifies to sell at a level below the current cryptocurrency market price.
When selling, a pending sell stop bitcoin order is executed as the cryptocurrency market price goes down and hits the sell stop bitcoin trading price quote zone.
