Binance Term of the Day: Types of Orders 📝

In Binance Spot, there are 2 main types:

**1. Market Order = Market Order**
= "Buy now at whatever price is available". Fast but does not control the price. There is Slippage.

**2. Limit Order = Limit Order**
= "Buy only if the price reaches $60,000". Controls the price but may not be executed.

$ what I learned:
- I want to buy/sell now and it's urgent = Market
- I want a specific price and I'm not in a hurry = Limit

As a beginner, I only use Limit to avoid Slippage.

Do you use Market or Limit more?

#LimitOrder #MarketOrder $BTC #Kalshi’sDisputewithNevada $ETH #RheaFinanceReleasesAttackInvestigation #CharlesSchwabtoRollOutSpotCryptoTrading $USDC #BitcoinPriceTrends