Coinbase Exchange Now Offers Market Orders

Market orders are now available on Coinbase’s bitcoin exchange, according to the company.

“Market orders” provide instruction to rapidly execuite a transaction at the present or market price. In distinction, “limit orders” provide instruction to execute at or under a specific purchase price or at or above a specific sales price.

The team behind the Coinbase’s new exchange stated:

We are excited to announce that users can now place market orders on Coinbase Exchange.

Market orders provide a fast and convenient way to trade on Coinbase Exchange. In contrast to limit orders, which are filled based on a desired price or not at all, market orders are filled immediately at the best available price.

The steps to making a market order on Coinbase include the following:

  1. Select ‘Buy’ or ‘Sell’ on the order ticket
  2. Select ‘Market’
  3. Enter amount of transaction
  4. Click the ‘Place order’ button to confirm order
Writes for Asia Tech Media Limited's publications, and Experienced blogger and freelance IT/business writer for Chinese and English magazines and newspapers. Studied journalism at Indiana University Bloomington.
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