What is a market order?

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This guide explains the concept of market orders and how to execute trades quickly at the best available market price.

A market order is an order type that executes immediately at the best available market price. After submitting the order, the system quickly completes the transaction based on the best available price in the order book.

For example, when you use a market order to buy Bitcoin, the system automatically matches a sell order with the currently available market price and completes the transaction immediately.

Characteristics of market orders include:

1. Fast execution:

               Market orders are executed immediately at the market price, typically resulting in                quick transaction completion. 

2. No price setting required:

       Users only need to enter the transaction quantity, and the system automatically matches the market price.

3. Execution price may vary slightly:

            Due to real-time market price fluctuations, the final execution price may differ slightly from the price seen when placing the order.