Order Types For Crypto Traders

Placing a trade in crypto usually involves choosing between several order types, each controlling how and when an order executes. Understanding the differences helps manage both entry price and risk.

Core Order Types

• Market order — executes immediately at the best available price, prioritizing speed over price precision.
• Limit order — executes only at a specified price or better, giving price control but no guarantee of execution.
• Stop order — becomes a market order once a trigger price is reached, often used to limit losses or protect gains.
• Stop-limit order — combines both, triggering at a stop price but only filling within a defined limit range.