Stop Order
A stop order is an order to buy or sell an asset once the last trade price reaches a specified price, known as the stop price.
To create a Stop Order check the "Stop" option when creating the order, and you will be able to set the Stop Price. When the asset hits the stop price, the order will be executed.
Market Order
A market order is an order to buy or sell a given asset at the best available price (the "market price"). Market orders are executed immediately against resting liquidity and are charged a Taker fee.
Limit Order
A limit order is an order to buy or sell an asset at a specified (or better) price. A limit buy would be executed at the limit price or lower, and a limit sell would be executed at the limit price or higher.
Time In Force (TIF)
For limit orders, we support 5 TIF options:
- Good-Til-Cancelled
Exists until the order is filled or cancelled.
- Day
Automatically expires if the order was not executed on the day it was placed. ***The day ends at 00:00 UTC.
- Good-Til-Date/Time
The order expires at the specified date and time if it was not yet executed.
- Fill-Or-Kill
Must be executed immediately in its entirety; otherwise, the entire order will be cancelled (i.e., no partial execution of the order is allowed).
- Immediate-Or-Cancel
Must be executed immediately. Any portion of an IOC order that was not filled immediately will be canceled.
Post Only
A post-only limit order is either placed in the order book or expires if it matches an existing order (takes liquidity). The post-only option guarantees that you will not pay the taker fee.
Scaled Orders
The Scaled Order is a set of multiple orders to buy or sell distributed along the price range specified by the user (from minimum price to maximum). The quantities could have a flat, upscale, or downscale distribution.