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.
- Select ‘Buy’ or ‘Sell’ on the order ticket
- Select ‘Market’
- Enter amount of transaction
- Click the ‘Place order’ button to confirm order