> For the complete documentation index, see [llms.txt](https://yubit.gitbook.io/yubit/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://yubit.gitbook.io/yubit/spot-trading/order-types-in-spot-trading.md).

# Order Types in Spot Trading

YUBIT Spot Trading currently supports **two types of order placement methods**.

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1. ### **Limit Order**

A **Limit Order** allows users to set the price at which they want to buy or sell. The order will be executed at the **specified price or a better price**, depending on market liquidity.

* The **trigger price** is determined by the user.
* The order opens or closes at the user’s **set limit price**.
* Execution may be **slower**, since the order will only fill if there are matching orders in the order book at prices **equal to or better than** the limit price.
* If there are no matching orders available, the Limit Order will stay in the order book and contribute to **market depth** until it is filled.

#### **Advantages**

* Provides greater control over the **exact execution price**.
* Useful for **partial or full take-profit (limit)** orders.
* Suitable for traders who prefer stock-style precision order placement.

#### **Disadvantages**

* **Execution is not guaranteed** — the market may not reach the specified price.
* Execution may be **slower** than market orders.

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2. ### **Market Order**

A **Market Order** is executed immediately based on the **latest market price**, without requiring the user to set a price manually.

* The **trigger price** is the most recent transaction price on the market.
* The actual execution price may differ from the trigger price, especially in a fast-moving market.
* Ensures **instant execution**, making it ideal for timely entries or exits.

#### **Advantages**

* **Execution priority** — guarantees the order will be filled.
* Ideal when traders need to **enter or exit quickly** to follow market trends.

#### **Disadvantages**

* In periods of **high volatility**, the actual execution price may not be ideal or may differ significantly.

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**YUBIT Team**