What is a Market Order? A market order is an instruction to immediately buy or sell assets at the best available market price. Market orders require liquidity to execute, meaning they are fulfilled based on existing limit orders in the order book. Market orders are convenient when execution speed is more important than achieving a specific price.
This means if you are willing to accept potentially higher prices and costs due to slippage, you should use market orders. There may be instances where a large market order is partially unfilled and canceled. Additionally, market orders execute without regard to cost, which exposes you to certain risks. Please exercise caution and be aware of these risks when placing market orders.
How to Place a Market Buy Order?
- Go to (https://venkate.io), log in to your Venkate account.
- Click on "Trading" at the top of the page, then "Spot Trading," and select the trading pair. Click on "Spot" -> "Buy" -> "Market Order."
- Enter the amount you want to spend. This is the amount of USDT you wish to use to buy Venkate coins. Alternatively, drag the adjustment slider below "Amount" to customize the percentage of your available balance to use for the order.
- After confirming the amount, click "Buy Venkate Coins" to place your market buy order. The system will execute your order at the current market price based on the USDT amount you submit. The final amount of Venkate coins you can purchase will depend on the market price and quantity at the time of order placement. You can view the amount of Venkate coins purchased and the average price in "Order History."
How to Place a Market Sell Order?
- Go to (https://venkate.io), log in to your Venkate account.
- Click on "Trading" at the top of the page, then "Spot Trading," and select the trading pair. Click on "Spot" -> "Sell" -> "Market Order."
- Enter the quantity you want to sell. This is the number of Venkate coins you wish to sell. Alternatively, drag the adjustment slider below "Quantity" to customize the percentage of Venkate coins you want to sell.
- After confirming the quantity, click "Sell Venkate Coins" to place your market sell order. The amount of USDT you receive from selling Venkate coins will be determined by the current market price. You can view the amount of USDT received and the average selling price in "Order History.
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