Post
Topic
Board Trading Discussion
Re: Market Price
by
maydna
on 25/09/2020, 04:46:26 UTC
On Binance, on trading page, if I buy alcoin using market price, will I get my altcoins right away like when I buy using card? Or will still have to wait for certain trader to respond to me?

I never bought anything thru trading. I have no experience buying from Binance trading.


If you buy altcoin using the price at the market price or buying instantly, you will get your coins without waiting for a moment because your order is filled directly. But it will be different if you place your order buy with the price you want because that means you need to wait for a while until the price can move to the price you place.

If you want to be clear, you can try by yourself at binance to know the difference if you buy directly using the price that shows at the market and the price you place.

Example :
1. Price at the market is at 700 sat, and you buy the coin by instant, so your order will be filled as soon as possible, depending on the amount you want to buy.
2. You want to buy the coin at 500 sat. The price is 550 satoshi. You need to wait for a while until the price can get down to your price.