Overview
A Market Order allows you to buy or sell a digital asset at the best available market price when the order is submitted.
Unlike a Limit Order, you do not need to specify an execution price. The order is matched against available orders in the market.
BKG Exchange charges a 0.12% trading fee for both Makers and Takers.
1. How to Place a Market Order on the Website
Step 1: Log In
Log in to your BKG Exchange account through the official website.
Step 2: Open Spot Trading
Go to the Spot Trading page and select the trading pair you want to trade.
For example:
BTC/USDT
Step 3: Select Market Order
In the order panel, select Market Order.
Step 4: Enter the Order Amount
Enter the amount you want to buy or sell.
Depending on the available order interface, you may be able to enter the amount by asset quantity or order value.
Step 5: Submit the Order
Review the trading pair and order amount.
Select Buy or Sell to submit the Market Order.
The system will attempt to execute the order using available market liquidity.
Step 6: Check Your Order
After submission, you can check your executed orders and trading history to view the execution details.
2. How to Place a Market Order in the App
Step 1: Log In
Open the BKG Exchange App and log in to your account.
Step 2: Open Spot Trading
Go to Spot Trading and select the trading pair you want to trade.
Step 3: Select Market Order
Select Market Order in the order panel.
Step 4: Enter the Amount
Enter the amount you want to buy or sell.
Step 5: Submit the Order
Check the order details and select Buy or Sell.
The system will attempt to execute the order using available market liquidity.
Step 6: View Execution Details
Check your order history or trade history to view the execution price and completed amount.
3. Example
Suppose BTC is currently trading around 100,000 USDT.
You want to buy BTC immediately rather than waiting for a specific price.
You can select:
- Trading Pair: BTC/USDT
- Order Type: Market Order
- Amount: Your desired amount
The order will be matched against available sell orders in the market.
Because market liquidity can vary, the order may be executed across multiple price levels.
4. Important Notes
- A Market Order prioritizes execution rather than a specific execution price.
- The final execution price may differ from the displayed market price.
- Large orders or low-liquidity trading pairs may be executed across multiple price levels.
- Market volatility can cause the execution price to change quickly.
- Always check the trading pair and order amount before submitting.
- BKG Exchange charges 0.12% for both Makers and Takers.
- Spot trading involves market risk. Please make sure you understand the risks before trading.
FAQ
Can I set a specific price for a Market Order?
No. A Market Order uses the available market liquidity at the time the order is submitted.
Why is my execution price different from the displayed price?
The displayed market price may change between order submission and execution. In addition, available liquidity may exist at different price levels.
Can a Market Order be partially filled?
Depending on available market liquidity and order conditions, an order may be executed across multiple price levels.
Can I cancel a Market Order after submitting it?
Market Orders are intended for immediate execution. Once an order has been executed, the completed portion cannot be canceled.
What is the trading fee for a Market Order?
BKG Exchange charges 0.12% for both Makers and Takers. The applicable fee depends on how the order is executed.