CryptoEducational information, not personalized financial advice. Examples are hypothetical. Platform rules and fees can change.
Market orders prioritize execution
A market order seeks to buy or sell against available orders. The final price is not guaranteed and can vary across partial fills. Thin liquidity or a rapidly changing market can increase the difference between an observed price and the execution price.
Limit orders set a price boundary
A buy limit order sets the maximum price you will pay. A sell limit order sets the minimum price you will accept. The order may execute fully, partially, or not at all. Setting a limit does not guarantee that enough matching orders will be available.
A simple hypothetical example
Suppose you place a buy limit order at $100 per unit. The price constraint permits fills at $100 or less, excluding fees. If no matching sell order is available within the limit, your order may remain open. This is an explanation of order mechanics, not a suggested trade.
Order type is not a fee category
A limit order that matches immediately can take liquidity. A resting order may add liquidity. Platform rules determine maker or taker treatment and any additional instructions, such as post-only or time-in-force. Read the order preview and platform documentation before submitting.
Check the details before confirming
Verify the asset pair, buy or sell direction, quantity, order type, price limit, estimated fees, and expiration settings. A limit order controls an execution condition; it does not protect against an asset losing value after purchase.
Further reading
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