A Market Order on ChainEX is a convenient way to Buy or Sell a specified amount of a digital currency at the best prices available from available orders on the market. To execute a Market Order, simply enter your desired amount of digital currency to Buy or Sell, and the system will automatically place orders that match against available orders on the order book until your desired amount is reached. The system will determine the best prices to place these orders based on the lowest available selling (ASK) / highest buying (BID) prices in the order book, ensuring that you receive the best possible prices.
We offer the convenience of executing a market order for those seeking immediate trading opportunities. With a market order, you can buy or sell a specified amount of digital currency at the best available prices from the orders currently on the market. This is ideal for those who don't want to wait for an order to match their specified limit price. However, it's important to note that as an order taker, you'll be charged a taker fee.
For Example - If the following Sell Orders are available on the ETH/BTC market:
And you wish to buy 20 ETH so you place a market BUY Order for 20 ETH. the following orders and trades will automatically be executed:
For a step-by-step tutorial on how to use the Market Order, click here.
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