Understanding Bitcoin Market Orders and Restricted Orders: Detailed Tutorial
Jul 10, 2025 pm 09:03 PMIn the world of digital currency trading, understanding and proficiency in using different order types is the key to successful transactions. It's as basic as driving a vehicle requires mastering the accelerator and brakes. Market orders and restricted orders are the two most basic and powerful tools that all traders must master. Whether you operate on mainstream trading platforms such as Binance Binance, Ouyi OKX, Huobi, or Gate.io Sesame Open Door, they all form the core of your trading strategy. Market orders emphasize instant transactions, aiming to quickly enter or exit the market, while restricted orders allow you to set the desired price and accurately control transaction costs or benefits.
Market order details
1. Market orders are an order that is immediately traded at the current best price.
2. It ensures the transaction speed of the order, but cannot guarantee the final transaction price.
3. Applicable to situations where transactions are required, or transaction amounts are relatively small and insensitive to minor price fluctuations.
Choose the right order type
1. When the market fluctuates violently and requires quick stop loss or chase breakthroughs, market orders may be the first choice.
2. It is more appropriate to limit orders when you have a clear target bid or sell price and want to close at a specific price.
3. On platforms such as Binance Binance ( ) and Ouyi OKX ( ) , advanced restricted order options such as take-profit and stop-loss are usually provided to meet more complex trading strategies.
Detailed explanation of restricted orders
1. Restricted orders allow traders to set a specific buy maximum or sell minimum price.
2. Orders are executed only when they reach or exceed the specified price, thus helping traders control transaction costs.
3. If the market price does not reach the specified level, the order will not be completed, and there is a risk that the transaction will not be completed.
The difference between market orders and restricted orders
1. The main difference lies in the priority of transactions: market orders are preferred to ensure transaction speed, and orders are limited to guarantee transaction prices.
2. Market orders are usually sold immediately, while restricted orders may require waiting.
3. Market orders may face slippage, that is, the actual transaction price deviates from the expected price; restricting orders avoids this.
The above is the detailed content of Understanding Bitcoin Market Orders and Restricted Orders: Detailed Tutorial. For more information, please follow other related articles on the PHP Chinese website!

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