Cryptocurrency trading is a fragile market and is subject to erratic fluctuations that can happen in a short period of time. BuyUCoin supports the Market order mechanism on its platform in order to provide traders and investors more control over their trades and investments while reducing or eliminating the risks of facing a loss.
Market Orders in cryptocurrency trading is an exchange order that will buy or sell your crypto assets for its current market price. This means that if the seller chooses to go ahead with a market order, the order will be executed for the price that is currently being traded on the crypto market. This type of exchange order is usually used when the buyer or seller wants to fill the order at any cost. This method, if rightly used, can help traders to substantially cut theirs loses, especially when the crypto asset is facing a sudden fall or rise in its prices.