A market order is when you buy or sell cryptocurrencies at the present or market price. It is widely considered as the fastest way to enter or exit a trade. All market orders are processed within present priority guidelines. You cannot specify the exact price at which your order should be filled. With the cryptomarket often being quite volatile, you risk making a bad investment.
Thus, you may end up buying coins at a higher price or selling them at a lower price than anticipated. To avoid this issue, you will need to be very careful when checking the coins’ volume available on your chosen market.