Order types make up the building blocks of trading cryptocurrencies. Without these most basic tools, no strategic orders could be placed, and positions couldn’t be managed. There would be little control over strategy or success probability.
Each cryptocurrency exchange or trading platform, should offer at minimum the following order types: market, limit, and stop orders.
If for some reason the platform doesn’t offer the combination of these three order types, either by another name or as defined by the standard terms above, it may be best to keep on looking.
More advanced exchanges and platforms offer variations of these orders for even more control and fine-tuning of strategies.
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