BUX Crypto offers two different types of orders: market orders and limit orders.

Market order:

  • This is an order (sell or buy) that is executed immediately at the best possible price on the market. Market orders are used when certainty of execution is a priority over the price of execution. For a buy order that is at the current selling price (ask price). For a sell order that is at the current purchase price (bid price). The price can be higher or lower than the last traded price that you see on your screen when placing the order. 

Limit order:

  • Limit orders specify the maximum price that you’re willing to pay or the minimum price that you want to receive when you’re selling. With a Limit order you will never have to pay more or receive less for an crypto-asset or currency than the given limit. A limit order will be closed once the order is either filled by the market or when you cancel it.