Market Orders vs. Limit Orders: Key Differences and When to Use Each

When you place a market buy order, the exchange doesn't wait for a specific price. Instead, it looks at the "order book"—the list of people already waiting to sell—and matches your request with the lowest available "ask" price.

In the world of cryptocurrency, a is the simplest way to purchase digital assets like Bitcoin or Ethereum. It is an instruction to your exchange to buy a specific amount of crypto immediately at the best price currently available on the market. How a Market Buy Works

Because the exchange pulls from existing sell orders, your purchase is typically completed in seconds. Pros and Cons