🙋Order

Market Order

A market order is an order based on the market price at the time the order is submitted. Therefore, when a K-BIT user places a market order, the trade can be executed at the price indicated at that moment. However, market orders do not guarantee a specific price, and the price may fluctuate between the time the market order is placed and when it is actually matched.

Limit Order

A limit order is an order to buy at or below a specified price or to sell at or above a specified price. Therefore, when a K-BIT user places a limit order, the market price must reach the specified price for the order to be executed. If the market price does not reach the specified price, the limit order will not be executed. A limit order specifies the minimum or maximum price for initiating a trade, but it is not a guaranteed price for the trade execution.