A Market order is an order to purchase or sell something at the best available price right now. It requires liquidity to be filled, which means it is executed using the limit orders already placed on the order book. You can’t be 100% sure of the price due to Slippage that can occur when you get a price different from what you expected.
Setting a Market order is an excellent option to purchase or sell a financial asset right now at the current market price.
For example, the price of BTC may be fast increasing, and you want to place an order as soon as possible. You’re willing to accept market prices as long as you can get BTC right now. In this situation, you’d place a Market order on Geco.one.
See other order types: