What is an order?

An order is an instruction to a broker or an exchange to buy or sell an asset (crypto) on your behalf. Once placed, an order follows the process of order execution. 

Orders are divided into a wide range of types. It allows traders to specify the conditions at which an order shall be executed.

Among such conditions, traders can determine: 

  • Whether the order will buy or sell
  • The price at which an order shall be executed
  • The time during which an order shall stay in force
  • Whether the order shall be triggered or canceled depending on another order.

Bidsbee supports the widest range of orders, such as:

  • Conditional orders
  • Market orders
  • Limit orders
  • Take profit orders
  • Stop loss orders
  • Stop market orders
  • Trailing stop orders
  • Trailing buy and sell orders, among others. 
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