Market Order: An instruction to buy or sell “right now” at the market price.
A Market Order is a buy or sell order that is executed immediately at the market price and filled at the best available price from the order book.
In other words, it’s a buy or sell “right now” order on a crypto exchange. Market orders are used when certainty of execution is a priority over the fill price, and its goal is to have the order filled quickly. In the cryptocurrency Derivatives market, the price paid or received may be quite different from the last price quoted before the order was entered due to high volatility.
The Market Order guarantees, that it would be executed instantly, but not necessarily at the best price.
You can select the Market Order option placing the order in the top left corner on BTCMEX.
Both Market Orders and Limit Orders are currently available on BTCMEX – innovative Bitcoin Perpetual Contracts trading platform. Explore the Perpetual Contract Trading Guide.