The market price is executed as soon as possible at the current market price when the user places an order. When placing the market unit price, you can choose [Quantity] or [Transaction Amount] to trade.

For example, when you want to buy or sell BTC of scale, it is recommended to use [Quantity] order.

As a result, you can use these two functions to set up your buy and sell orders. Please note: When the system calculates your quantity and places an order, the asset price may change, causing the order to fail. It often occurs when it is close to or equal to 10% in childhood.

  • What is the difference between a market order and a limit order?

A limit order is intended to limit the current market price of the transaction executed as soon as you are willing to set up a single to complete the transaction highest or lowest price , whether buying or selling out. A market order is an order plan to be executed or purchased immediately at the current best price in the market. The limit orders that are in the order book and waiting for others to execute are different, and the market order is executed immediately at the current market price. Therefore, when you place a market order at BIB, you will pay the transaction fee as the taker. Market orders may not be executed immediately.

  • How to set a market buy order?

1. Press [Quantity]

Suppose you own 5,000 USDT and want to place a market order for BTC/USDT. When you place a "Buy 100%" order, the system will execute your order at the current market price based on the amount of USDT you hold, but it does not guarantee the final amount of BTC you can buy. The final BTC transaction amount is determined by the market price and quantity when the order is placed. You can check the number of BTC purchased and the average price in the [Order History].

2. Click [Transaction Amount]

For example, if you have 100,000 USDT, the price of BTC/USDT is around 34,105 USDT. When the next "buy 100% of the Order", order your system and market on your purchase order matching, how much you can buy the system.

How to set a market sell order?

1. [Press] Quantity. Assuming that you own 100 BTC and want to sell 50% of it through a market order. The amount of USDT sold for this 50 BTC will be determined by the current market price and quantity when you place the order. You can check the USDT quantity and average consumption of the order in the [Order History].

2. Click [Transaction Amount]

You grab 0.06272BTC, and the price of BTC/USDT is near 33889.26USDT. When you place a "100%" purchase order, the system buyer matches your order with the buying order in the market, and how much USDT you might get.