Types of Trades

Modified on Wed, 07 Jun 2023 at 12:08 PM


Market Orders

This feature allows you to buy or sell any cryptocurrency at the best price available on our platform.

These orders are executed immediately. This type of order ensures instant execution but does not allow you to set the price.

Limit Orders

A limit order is an order that will get executed as soon as price conditions are met. In this type of order, you will be able to set the price that you wish to buy or sell a token at.

eg: If the last trade price of ETH is X. You can set the buy order to execute when the price reaches X-100 or set the sell order when the price reaches X+200.

As soon as the price is met, the order will get executed.

Good Till Cancel (GTC)

A Good-Til-Cancelled (GTC) order is an order that lasts until the order is completed or cancelled by the trader.

Trailing Orders or Stop Limit Orders

stop-limit order is a conditional trade over a set time frame that combines the features of stop with those of a limit order and is used to mitigate risk. There are 3 parts to this:

  • Quantity- This refers to either the FIAT or Cryptocurrency you want to buy or sell.
  • Stop Price-This is the price at which the order will get triggered.
  • Limit Price- This is the price at which the order will enter the order book.

Here is an example of a Stop Limit Order

Let's assume you have purchased 1 BTC at USD 50,000. You now notice there is a drop in the price of BTC & you decide to sell but minimise your losses by not selling it for less than USD 48,000. In this case you will set the stop price at USD 49,000 and the limit price at USD 48,000.

Once the price reaches the stop price of USD 48000, your order is activated, it will automatically trigger your BTC sell order at USD 49,000.

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