What Is Market Order in Spot?

1. What Is a Market Order?

A market order indicates that the user chooses to execute a buy or sell order immediately at the best available price in the current market. It prioritizes speed of execution over price.

Note: Due to factors such as low liquidity, market orders may be partially filled or not filled at all. Any unfilled portion of the order will be automatically canceled.

2. How to Place Market Buy Orders?

Users cannot specify a buy price when placing a market order. Instead, the order is automatically filled at the best available market price. After entering the desired purchase amount and clicking the ‘Buy’ button, the system will promptly submit the order and execute the transaction at the most favorable price available. The actual transaction price can be viewed in the ‘Order History’.

3. How to Place Market Sell Orders?

Users cannot specify a sell price when placing a market order. Instead, the order is automatically filled at the best available market price. After entering the desired amount to sell and clicking the ‘Sell’ button, the system promptly submits the order and executes the sale at the most favorable price available. The actual transaction price can be viewed in the ‘Order History’.