Market Order

A market order is one of the most prominent and easy-to-use trading mechanisms used by traders to buy or sell cryptocurrencies. Setting a market order implies that the trader is buying or selling the crypto asset at the current market price. These orders are executed in real-time, and traders do not have to wait for the order to be triggered at a certain price. It is best suited for novice traders because of its straightforward mechanism.

One of the disadvantages of a market order is that the price at which the order is executed may vary, as the cryptocurrency market is highly volatile.