A Market Order is the fastest way to buy or sell cryptocurrency on PLUBIT Exchange. Instead of setting a specific price, your order is executed immediately at the best available market price.

This guide will walk you through the entire process of placing both Market Buy and Market Sell orders, explain how Market Orders work, and share best practices for trading confidently.

What Is a Market Order?

A Market Order is an order to buy or sell cryptocurrency immediately at the best available price in the market.

When you submit a Market Order, PLUBIT automatically matches your order with the available orders in the Order Book. This makes it the simplest and fastest order type for beginners.

Market Orders are ideal if you:

• Want to execute a trade instantly.
• Prioritize speed over selecting a specific price.
• Are trading highly liquid markets.
• Prefer a simple trading experience.

Before You Start

Before placing a Market Order, make sure you have:

• A registered PLUBIT account.
• Completed Identity Verification (KYC), if required.
• Funds available in your Spot Wallet.
• Sufficient balance to complete your trade.

How to Place a Market Buy Order

Step 1

Log in to your PLUBIT account.

Step 2

Navigate to Spot Trading from the main navigation menu.

Step 3

Select the trading pair you want to trade.

Examples include:

• BTC/USDT
• ETH/USDT
• SOL/USDT

Step 4

On the trading panel, select the Market tab.

The Market Order option allows your order to be executed instantly using the best available market price.

Step 5

Select Buy.

Step 6

Enter the amount you wish to purchase.

You can enter either:

• The amount of USDT you want to spend, or
• The amount of cryptocurrency you want to buy.

You may also use the quick percentage buttons:

• 25%
• 50%
• 75%
• 100%

These buttons automatically calculate your available balance.

Step 7

Review your order carefully.

Check:

• Trading Pair
• Order Amount
• Estimated Quantity
• Available Balance

Step 8

Click Buy to submit your order.

PLUBIT will immediately execute your Market Order using the best available sell orders.

Your purchased cryptocurrency will appear in your Spot Wallet after the order is completed.

How to Place a Market Sell Order

Selling cryptocurrency follows the same process.

Step 1

Open the Spot Trading page.

Step 2

Select the trading pair for the cryptocurrency you want to sell.

Example:

BTC/USDT

Step 3

Select the Market order type.

Step 4

Click Sell.

Step 5

Enter the amount of cryptocurrency you want to sell.

You can also use the percentage shortcuts:

• 25%
• 50%
• 75%
• 100%

Step 6

Review your order details.

Step 7

Click Sell.

Your Market Sell Order will execute immediately using the highest available buy prices.

The proceeds will automatically be credited to your Spot Wallet.

Understanding How Market Orders Work

A Market Order is executed immediately using the best available prices in the Order Book.

For example, if Bitcoin is currently trading around 100,000 USDT and you place a Market Buy Order worth 500 USDT, PLUBIT automatically matches your order with available sellers until your order is fully completed.

If multiple price levels are available, your order may be filled across several prices.

Understanding Slippage

Because cryptocurrency prices change continuously, your final execution price may differ slightly from the price displayed before you placed your order.

This difference is called Slippage.

Slippage is more likely to occur when:

• Market volatility is high.
• Liquidity is low.
• Very large orders are submitted.

For most small trades in liquid markets, slippage is usually minimal.

Advantages of Market Orders

Using a Market Order offers several benefits:

• Instant trade execution.
• Beginner-friendly.
• No need to set a price manually.
• Suitable for highly liquid markets.
• Simple and convenient trading experience.

Things to Consider

Although Market Orders are easy to use, there are a few important considerations:

• You cannot choose the execution price.
• Large orders may experience greater slippage.
• Prices may change while your order is being executed.
• Market Orders are less suitable if precise pricing is important.

If you want more control over the execution price, consider using a Limit Order.

Tips for Better Trading

To improve your trading experience:

• Double-check the selected trading pair.
• Review your available balance before placing an order.
• Avoid placing very large Market Orders during periods of high volatility.
• Monitor the current market price before confirming your trade.
• Start with smaller trades if you're new to cryptocurrency trading.

Frequently Asked Questions (FAQ)

1. Is a Market Order executed immediately?

Yes. Market Orders are designed to execute as quickly as possible using the best available market price.

2. Can I choose my own price?

No.

If you want to specify your preferred buying or selling price, use a Limit Order instead.

3. Why is my execution price different from the displayed price?

Cryptocurrency prices update continuously.

Small differences between the displayed price and the executed price are normal and are known as slippage.

4. Can I cancel a Market Order?

Generally, no.

Because Market Orders execute immediately, they usually cannot be canceled after submission.

5. Where can I view my completed trades?

Navigate to:

Orders → Trade History

or

Orders → Order History

to review all completed transactions.

Common Issues

IssueSolution

Insufficient Balance

Deposit additional funds or reduce your order size.

Price Changed

Market prices update continuously. Small differences are normal.

Wrong Trading Pair

Verify the selected trading pair before confirming your order.

Higher Than Expected Slippage

Consider using a Limit Order if price accuracy is important.

Order Not Found

Check your Order History or Trade History after refreshing the page.

Final Thoughts

Market Orders are the quickest and easiest way to buy or sell cryptocurrency on PLUBIT Exchange. They are ideal for beginners and experienced traders who want immediate execution without waiting for a specific price.

Before confirming any trade, always review your order details, ensure you have sufficient balance, and understand that the final execution price may vary slightly due to normal market movements.