Bitfunded Orders

Order Type

Bitfunded supports two types of order: "Limit" and "Market" orders. Users must choose an order type for the position they want to open. These order types are explained below.

Market Order

A market order is an instruction to buy or sell a financial instrument immediately at the best available current market price. It prioritizes speed of execution over price, ensuring that the trade is filled quickly, but the actual price at which the trade is executed may vary slightly from the price you initially see.

Limit Order

A limit order is an instruction to buy or sell a financial instrument at a specific price you set or better. This gives you more control over the price at which your trade is executed. However, there's no guarantee that your order will be filled, especially if the market price doesn't reach your specified limit.

Adjust Order Type

To change your order type, please proceed to the right side of the "Trade" screen. In this area, you will find tabs for "Limit" and "Market" orders. Navigate to the tab for the desired order type.