How do market orders work in the context of cryptocurrencies?

1 answers

• nitin pathadeOct 22, 2024 · a year ago
  At BYDFi, market orders work similarly to other exchanges. When you place a market order, our system will match your order with the best available price in the market and execute it immediately. Market orders are a popular choice among traders who want to enter or exit a position quickly. However, it's important to note that market orders are subject to slippage, especially during periods of high volatility or low liquidity. So, if you're using market orders, make sure to consider the potential impact of slippage on your trades.
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