Cryptal supports Market and Limit Orders

When trading cryptocurrencies, one of the first things you need to know is how to buy and/or sell assets. The two basic types of orders are Market Orders and Limit Orders.

What is a Market Order?

A market order is a request to buy or sell a specific asset on the market for the current trading price. These orders are usually fulfilled immediately

Faster transaction times

However, you have no control over the price, which could change after you place your order. Market orders are best for traders who want to exchange assets quickly.

How to place a Market Order:

1. Log in to your Cryptal account
2. Click on Exchange
3. Select the pair you want to trade on the left side
4. On the right side, indicate Buy or Sell and Market
5. Specify the quantities you want to trade
6. Click the Buy or Sell button at the bottom to conclude the transaction

What is a Limit Order?

A limit order is an order to sell or buy an asset at a price that might be higher or lower than the current market price. A limit order will be placed in the order book, and when it matches another trader's order, the trades are executed.

Trade at the best available price

The main advantage is the ability to specify your own minimum or maximum price for buying & selling. This is useful for traders who want to buy & sell assets at the best possible price.

How to place a Limit Order

1. Log in to your Cryptal account
2. Click on Exchange
3. Select the pair you want to trade on the left side
4. On the right side, indicate Buy or Sell and Limit
5. Specify the quantities you want to trade and the price you're willing to accept
6. Click the Buy or Sell button at the bottom to place the order in the order book