What Is a Market Order in Spot?

1. What Is a Market Order?

A market order signifies that the user opts to promptly execute a buy or sell order at the most favorable price available in the existing market, ensuring a fast transaction.

Please note: Due to factors such as insufficient liquidity, market orders may be partially executed or remain unfulfilled. Any unfulfilled orders will be automatically canceled.

2. How to Place Market Buy Orders?

Users cannot set a bid price in a market order. Instead, the market order will automatically be filled at the most favorable price available. After entering the desired quantity to buy and clicking the “Buy ” button, the system swiftly submits the order to the market and executes the purchase at the best available price. The actual transaction price can be viewed in the “ Order History ”.

3. How to Place Market Sell Orders?

Users cannot set the ask price in a market order. Instead, the market order will automatically be filled at the most favorable price available. After entering the desired quantity to sell and clicking the “Sell ” button, the system swiftly submits the order to the market and executes the sale at the best available price. The actual transaction price can be viewed in the “ Order History ”.