What are the different order types?
Instant Order executes immediately under the current price on the market. Therefore, it is simple to place an instant order as the trade happens immediately. While placing an instant order, you need to specify the INR worth of crypto you want to buy/sell.
Limit Order allows you to set a limit price to buy/sell crypto in the market. The limit order is only executed if the market price of the crypto reaches the set limit price. Therefore, unlike instant or market orders, a limit order does not get executed immediately.
Market Order is essentially a mirror of an instant order. Instead of specifying how much the INR worth of crypto you want to buy/sell, you will be specifying how much crypto to buy/sell. A market order also gets executed instantly at the current buy/sell price in the market.
How can I change the Order Type?
To change the order type, follow the simple steps below.
- You can change the order type while placing a buy/sell order.
- Go to the coin page and click on "Buy" or "Sell" as per your preference.
- Select your preferred order type (Instant/Limit/SIP).