When you’re trading on XREX, you interact with the market by placing orders, and there are two different order options for you to choose from - Market orders and Limit orders.

Market order is the instruction to trade a digital asset instantly at the ongoing rate in the market. Market orders are usually carried out to execute a specific trade immediately. Once the order is placed, it goes to the top of the order book and it will be executed at the current market price. One note here is that when placing an order, it’s important to know that cryptocurrency market prices can change within seconds which would mean that the order could be executed at a slightly different rate than anticipated.

Limit order is the instruction to trade a cryptocurrency at a predetermined price. In limit orders, you have the freedom to specify the price at which you’d like the trade to be executed. If you have specified the price at which you’d like to trade your crypto, your order will go into the order book and it will be automatically executed when the price of the cryptocurrency matches the prices that you quoted on your limit order. Note that there is no guarantee that the limit order you have placed will be executed and if the price of the cryptocurrency does not match your pre-specified price, the trade will not be completed.

Learn how to buy and sell with market and limit orders (video tutorial)

00:05 How to buy crypto.
00:53 How to sell crypto.

Happy trading!

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