A market order is an instruction to buy or sell a cryptocurrency immediately at the best available current price. It guarantees execution but not the exact price, which may fluctuate in volatile markets. This type of order is suitable for traders who prioritize speed over price certainty.
A limit order, on the other hand, allows you to specify the price at which you want to buy or sell. The order will only be executed if the market reaches your specified price, giving you more control but no guarantee of execution. A stop-loss order is designed to limit potential losses by automatically selling a cryptocurrency when its price falls to a predetermined level, helping traders manage risk in volatile markets.
